Martin Feldstein “About as bad an expansion as I’ve ever seen.”

Martin Feldstein "About as bad an expansion as I’ve ever seen."Is the U.S. in a depression? “no,” Harvard University economics professor Martin Feldstein .” “I’m not quite sure what a depression is.” Feldstein further stated about the recovery that it is “about as bad an expansion as I’ve ever seen.”

Martin Feldstein  serves on the business cycle dating committee of the NBER. Feldstein stated that Bernanke has done “a remarkably good job”, however the Fed “has gone too far recently in pushing for lower interest rates.”

On Europe; “they have locked themselves into a single currency which we’ve now seen doesn’t work.”

Seth Klarman: Investors Can No Longer Rely On Mean Reversion

Volatility"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More


On Occupy Wall Street movement, “I can’t figure out what that’s all about…I haven’t seen what they’re asking for.”

Full video below: