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Nice debate on the economy here titled "No visibility ahead: Predicting what's next" sponsored by Vanity Fair (!) and Bloomberg. The guests are Joseph Stiglitz, Jack Welch, Meredith Whitney, Oliver Sarkozy and Austan Goolsbee (senior White House economic advisor).



Meredith Whitney says that banks are delaying the "inevitable" by raising capital. Goolsbee says the Government has been fire fighting. How true!

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