Monday, August 04, 2008

El origen de la crisis financiera actual

Nouriel Roubini, uno de los pocos profetas de la crisis actual dice en una entrevista:

"The damage was done earlier, beginning when the Greenspan Fed lowered interest rates in 2001 after the bust of the technology bubble, and kept them too low for too long. They kept cutting the federal funds rate all the way to 1% through 2004, and then raised it gradually instead of quickly. This fed the credit and housing bubble."

Lo curioso es que pocas personas han pedido reformas a la FED.