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Tuesday, January 05, 2010

Happy New Year? Fat Chance, Say Some Economists


Economists are starting the new year with predictions of gloom for 2010. The Wall Street Journal‘s Michael S. Derby reports that Martin Feldstein, a Harvard economist, worries the economy “could run out of steam sometime in 2010.” Feldstein, who is also emeritus president of the National Bureau of Economic Research, tied his concern to a stimulus package that “delivered much less” than its price tag suggested.

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