Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions and in the infrastructure of the financial system.
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Nationality: American Type: Public Servant Born: August 18, 1961 |
“How could this world be so unlike the world that I believed I was living in? I can't describe it. Do I not want to describe it, or do I simply not possess the vocabulary?”
“Obviously, things can get derailed, particularly if, which looks more and more likely, you get a blow-up between Israel and Iran. I think that's a very real probability now. But barring some real blow-up, the U.S. economy will grow, after a slow first quarter, about 3, 3.5 percent this year, far bet”