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.”
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:
