Speaking at the SMU Sim Kee Boon Institute for Financial Economics public lecture entitled "Global Economic Outlook: Preventing the Next Crisis", Nobel-Prize winning economist Paul Krugman said that he expected the housing market problems in the US to be a trigger for another round of economic crisis. He also predicted that re-elected President Barrack Obama would take America out of the crisis, although there is still a need for him to implement financial reform.
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