Fifteen years ago, in February 2005, I excerpted from a speech by former Fed Chair Paul Volcker at Stanford. That prescient speech about housing and excessive borrowing is available on YouTube. Some of Volcker’s comments were: “Altogether, the circumstances seem as dangerous and intractable as I can remember. … Homeownership has become a vehicle for […]
source https://thebtrader.com/2020/01/13/paul-volcker-on-the-existential-test-facing-america/?utm_source=rss&utm_medium=rss&utm_campaign=paul-volcker-on-the-existential-test-facing-america
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