David Wyss on the Tenacious Recession and Planning for a Costly Retirement

Nelson, Christina
November 2011
Journal of Financial Planning;Nov2011, Vol. 24 Issue 11, p18
Academic Journal
An interview with David Wyss, former chief economist at Standard & Poor's Corp. (S&P), is presented. He shares that the recessions are caused by excessive debt, which have been very slow to recover from. He mentions that the credit rating will depend on what happens in the next election and in the Congress. He points out that the long-term average ratio of home price to income is approximately 260%.


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