How bad is the mortgage crisis going to get? - Mar. 17, 2008

(Fortune Magazine) -- If there is any word that captures the mood in the economy right now, it's uncertainty, along with shadings of bafflement and distrust. We have never seen a credit crisis quite like this. What's next? Princeton economist Paul Krugman spoke with Fortune's Jia Lynn Yang about the impact on the economy, the outlook for home prices, and the reasons for both fear and hope. Krugman

[Blue-Period]

『And then everybody who's paying attention is worrying about the Japan analogy. Japan never had a really severe recession. It just started with a recession and never really had a recovery for a whole decade. And that's the kind of thing we're afraid of.』

[ryozo18]

Krugmanのインタビュー/曰く「今回の金融危機はS&Lとドットコムバブルをあわせたより大きい」「景気回復は早くて2010年半ば」「Fedはゼロ金利政策まで視野にいれるべき」など/訳すかな