Insight & Thought Leadership on the Global Economy

One of our most insightful economists examines the extraordinary actions the Federal Reserve, the Treasury, and other authorities took to cope with the economic catastrophe that followed the financial crash of 2008. (Paying the Price) A readable, balanced account of what they did, why they did it, and how well it worked out—so far. — Alice M. Rivlin, the Brookings Institution, former Director of OMB and Vice Chair of the Fed

Monthly Archives: May 2012

Greece Could Decide Fate of U.S. Economy

[This article originally appeared in the Philadelphia Inquirer May 27, 2012] Will Greece exit the eurozone? Hard to believe, but the answer to this question could determine the fate of the U.S. economy this year. Global investors have been driving … Continue reading

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Ed DeMarco Could Hasten End to Foreclosure Crisis by Allowing Debt Forgiveness

[This article originally appeared in the Washington Post May 10, 2012] As an example, consider an underwater homeowner who owes $150,000 on a home worth $100,000. With a 5 percent mortgage rate, his monthly payment is just over $1,000. With an earned … Continue reading

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