Stop calling it a financial crisis
CounterPunch
by Dean Baker
03/09/10
The politicians and the media continue to refer to the economic downturn as being the result of a financial crisis. This is wrong. We have 15 million people out of work because the housing bubble that drove the economy since the last recession finally burst. The financial crisis may have been good entertainment for those who like to see huge banks collapse, but it was a sidebar. The real story was the rise and demise of the housing bubble...
http://counterpunch.org/baker03092010.html
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=financial+crisis
http://freepage.twoday.net/search?q=economic+downturn
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=bubble
http://freepage.twoday.net/search?q=Dean+Baker
by Dean Baker
03/09/10
The politicians and the media continue to refer to the economic downturn as being the result of a financial crisis. This is wrong. We have 15 million people out of work because the housing bubble that drove the economy since the last recession finally burst. The financial crisis may have been good entertainment for those who like to see huge banks collapse, but it was a sidebar. The real story was the rise and demise of the housing bubble...
http://counterpunch.org/baker03092010.html
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=financial+crisis
http://freepage.twoday.net/search?q=economic+downturn
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=bubble
http://freepage.twoday.net/search?q=Dean+Baker
rudkla - 10. Mär, 09:43
