John McCain has never been accused of being an economically intelligent man, and Paul Volcker never a dumb one. Volcker is speaking at a conference in Canada right now, issuing comments about the US financial system being "broken", and that US economic growth will slow to levels not seen since the Depression.
I don't disagree with this. Obama won't either. Expect this rhetoric to start running full steam ahead into the perpetually bullish Wall Street narrative. McCain better have his chin strap on – debating Warren Buffett and Paul Volcker on the economy won’t be a no contact sport.
KM
(picture: http://www.econbrowser.com/archives/2007/02/volcker.jpg)
I don't disagree with this. Obama won't either. Expect this rhetoric to start running full steam ahead into the perpetually bullish Wall Street narrative. McCain better have his chin strap on – debating Warren Buffett and Paul Volcker on the economy won’t be a no contact sport.
KM
(picture: http://www.econbrowser.com/archives/2007/02/volcker.jpg)
