NPR: Hear: World's Not Feeling Great

Hear: World's Not Feeling Great

Imagine your bond here.

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Today on Planet Money:

Former Federal Reserve Chairman Alan Greenspan tells Congress he was shocked to discover a flaw in the markets. The TED spread stopped falling. And one investor lost a whole lot of money.

-- Listener Aimee Ennis asks if it's true that hedge funds are the next great calamity. That's what Nouriel Roubini has been saying.

-- Economist Elisa Parisi, of Roubini's RGE Monitor, explains that hedge funds are downright contagious.

-- Ian Bremmer of Eurasia Group reveals the world's troubles were a long time coming.

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Laura Conaway

5:16 PM ET | 10-23-2008 | permalink

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