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Jan.17
1:00 PM ET
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Mark Weisbrot, co-director of the Center for Economic and Policy Research, says the answer is yes. Weisbrot opined alarmingly that the U.S. housing market was a huge housing bubble and that it has just begun to burst.
Cato Institute Chairman William Niskanen contradicted Weisbrot, telling “Morning Call” that the Fed chief “would be wise to avoid issues” not under the Fed’s “direct control.” – and stick to monetary policy. Despite widespread admiration for Bernanke’s predecessor Alan Greenspan – he received an 'honorary' knighthood from Queen Elizabeth II in 2002 – Niskanen says the previous Fed leader “was too quick to comment” on matters beyond his jurisdiction, e.g., oil prices and fiscal policy.
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- Raising alligators is hard work, and the fickle taste of rich consumers has just made it much harder, says the NY Times.
- A recent issue of ESPN Magazine was one of its top sellers ever, and it only took scantily clad athletes to make it happen.
- The continued real estate boom in China is partially fueled by a generational flood of newlyweds.
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