Reducing Leverage May Cut Contagion, Forbes Says

Aug. 31 (Bloomberg) -- Kristin Forbes, an economist at the Massachusetts Institute of Technology, talks about global financial markets and the European debt crisis. Forbes, who authored a paper presented at the Kansas City Fed's annual meeting of economists and central bankers today, speaks with Michael McKee in Jackson Hole, Wyoming, on Bloomberg Television's "Street Smart." James Rickards, senior managing director of Tangent Capital Partners, also speaks. (Source: Bloomberg)