Brian Bethune Tracks Economic Ups and Downs
Visiting Assistant Professor of Economics Brian Bethune continues to be an authority that the media turn to as they gauge the ups and downs of the economy. He opined on the Federal Reserve’s possible attempts to stimulate economic growth here and the growth in service jobs here. In September, he argued that President Obama’s jobs bill was like a weaker version of the American Recovery and Reinvestment Act. Of the Federal Reserve opening its coffers to struggling European banks, he said, "This puts that fire out but doesn't solve the underlying problem of the financial institutions' having large and unknown exposure to Greece and the other problematic countries, like Portugal and Spain." He also suggested that worries about the stock market might be behind an increase in cash sales for homes in Massachusetts.