Stimulus Package Fails to Address the Housing Crisis
03/01/2008
PIMCO's Bill Gross appeared on CNBC-TV's The Wall Street Journal Report on March 1, 2008.
Gross discussed strategies to help the slowing U.S. economy. According to Gross, Fed easing isn't helping and the fiscal stimulus package fails to address the heart of the problem. Unless the government injects the housing and mortgage markets with capital, we could see home prices drop another 5-10 percent.
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