How We’re Doing as Debt Fears Rise Financial Crisis, Karen Dynan, Vice President and Co-Director, Economic Studies and Ted Gayer, Co-Director, Economic Studies – The Brookings Institution and The Washington Post
“With the worst of the credit crunch of 2008-09 behind us, U.S. economic activity has been improving since last summer. Greeces recent fiscal problems, however, have sparked serious concerns about global credit markets. A central lesson of the financial crisis is that disruptions in credit markets can damage the broader economy. In the fourth How Were Doing Index, a team of scholars at the Brookings Institution has looked at the past five quarters to determine where U.S. credit markets stand and what strains may arise from long-term fiscal imbalances.”
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