Harvard Profs: This Crisis Is Not Over
By Daniel at 11 November, 2009, 2:04 pm
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http://moneynews.newsmax.com/streettalk/rogoff_ferguson_crisis/2009/11/10/284153.html
The global economic crisis is not over, said Harvard University professors Kenneth Rogoff and Niall Ferguson, challenging the G20 group of wealthy countries’ assumptions that the world is on the road to recovery. Public spending in the form of bailouts and stimulus packages will create a debt burden for the world’s governments, the two professors told Bloomberg. “The financial crisis may eventually morph into a government-debt crisis,” says Rogoff, former chief economist at the International Monetary Fund.
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