Depression of 2009
Wednesday 28th of July 2010 06:43:49 AM
Posted by admin / Under Causes Of The United States Housing Bubble
| The initial cause of the current recession (which may become a depression if President Obama doesn’t take the correct steps) wasn’t the burst in the speculative housing bubble, or the accumulation of consumer debt, but instead two major factors that the United States has seen before. |
The Bernanke Geithner Economy 2009
Wednesday 28th of July 2010 06:43:49 AM
Posted by admin / Under Causes Of The United States Housing Bubble
| The United States economy is vastly different from what it was when it was initially founded. Washington has blamed the economic downturn on the faulty mortgage swaps. The housing bubble was only a small part of the cause for our financial collapse. |
Inject Demand into the Economy not Liquidity
Wednesday 28th of July 2010 06:43:49 AM
Posted by admin / Under Causes Of The United States Housing Bubble
| Discussions of the current world economic crisis tend to focus exclusively on the bursting of the housing bubble in the United States. This no doubt is the immediate cause of the crisis, but underlying its operation is the fact that the stimulus for booms in contemporary capitalism has increasingly come from such bubbles. |
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"I love the irony — I've spent over 400 hours of my life looking for comets, and haven't found anything, and now, suddenly, when I'm not looking for one, I get one dumped in my lap."...
by Alan Hale
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