Sir, Lawrence Summers is certainly correct in asserting that the right focus of the European countries must be on restoring economic growth if they are to restore fiscal sustainability (“Growth not austerity is the best...

At this event, our panel of experts will share their thoughts on Bubble Trouble.

With the bursting of the US housing market bubble in 2007-08, praise for Alan Greenspan soon turned into almost universal condemnation. It is all too likely that a similar fate awaits Jean-Claude Trichet as the euro unravels over the next year or two.

As estimates of subprime mortgage related losses in the financial system mount, there is every indication that the housing market woes will spread to the rest of the U.S. economy.

Despite Wall Street's optimism, the U.S. economy may be headed for a recession.

It would be a grave mistake for Ben Bernanke to allow his wishful thinking to influence his interest rate decisions in the months ahead.

The Federal Reserve should stand ready to soften the fallout from the coming housing bust.

There are many reasons to fear that 2012 will be a highly challenging year for the US economy. This is not only because the economic recovery will face considerable headwinds and could be hit by a European financial shock, but also because the US appears to have run out of fiscal and monetary policy space to counter any renewed economic downturn with an additional stimulus.