James K. Galbraith
Bill Moyers Journal
When last week began, minders of the world's major economies had gathered together to hammer out a coordinated strategy for stabilizing the world economy. In response, investors kicked off the week with the biggest single-day percentage gain in the Dow Jones industrial index in seventy-five years. Thus commenced a roller-coaster week on Wall Street, with stock markets gaining and losing huge amounts daily before ending low on Friday.
Markets this week remained volatile, as traders reacted to a steady stream of bad economic news in the US and abroad. Economist James K. Galbraith joins Bill Moyers on the JOURNAL to help make sense of the state of the economy, the efficacy of the bailouts, and how we got here.
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