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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Dec. 9, 2008

Liquidity, Default, Risk

Cato Unbound | UC-Berkeley economist Brad Delong has written a very smart explanation of what we know, and don't know, about why this crisis is so big.

By Editor  |  December 9, 2008; 2:49 PM ET
Categories:  Neil Irwin's Must Reads  
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