Krugman Warns of Chinese Bubble

Nobel laureate Paul Krugman, who teaches Economics at Princeton University, has publicly lauded US Federal Reserve chairman Ben Bernanke's efforts to pull the world's largest economy out of the ongoing recession. In a free-wheeling chat with ET NOW's senior editor in Kuala Lumpur, Mr Krugman predicts that the US economy may step out of the worst recession in more than five decades by September, but economic problems and weakness may persist. Excerpts: ( Watch )

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