Sunday, September 02, 2007

Harvard reader of chicken entrails and tea leaves warns of recession, Urges Fed to Cut Rate to 4.25%
You may have gathered from the headline that I am a bit skeptical of economic or other social scientific forecasts. Heck, throw in hard science as well. But who knows? Maybe he's right.

Sept. 2 (Bloomberg) -- Harvard University economist Martin Feldstein said the U.S. housing slump threatens a broader recession, and the Federal Reserve should lower interest rates.

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