We expect the decrease in price to be quite persistent, we expect some return, some increase, but surely not an increase back to levels where we were, say, six months ago. Olivier Blanchard More Quotes by Olivier Blanchard More Quotes From Olivier Blanchard How much should we worry? This is where economics stops giving an answer, if ... the stock market slump lasts longer or gets worse, it can become self-fulfilling. Low stock prices lasting for long lead to lower consumption, lower demand, and, potentially, to a recession. Olivier Blanchard business From what I read... the Fed has more or less the same interpretation of the implications of the events in Greece and China as we do, which is that they are not of major importance for the U.S. at this point, so it should not affect their choices in terms of monetary policy very much. Olivier Blanchard money
