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Saugato Data talks about “Fault Lines”, a recent book by Raghuram Rajan, in which the author blames the current recession on pushing cheap credit to the poor, as a political response to the growing inequality in US - in 2007 the richest 1% of American households took a staggering 18.3% of national income.
Others say it was the irrational exuberance - doing its dirty work, once again...
client: The Economist, London.
Link: www.economist.com...
Copyright © 2010 Jac Depczyk : All rights reserved
Saugato Data talks about “Fault Lines”, a recent book by Raghuram Rajan, in which the author blames the current recession on pushing cheap credit to the poor, as a political response to the growing inequality in US - in 2007 the richest 1% of American households took a staggering 18.3% of national income.
Others say it was the irrational exuberance - doing its dirty work, once again...
client: The Economist, London.
Link: www.economist.com...
Copyright © 2010 Jac Depczyk : All rights reserved
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