tag:blogger.com,1999:blog-8487128531050281473.post2373554798055052223..comments2024-01-08T14:24:03.718+00:00Comments on Economics Essays: Economic Crisis ExplainedTejvan Pettingerhttp://www.blogger.com/profile/03405988099792035111noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-8487128531050281473.post-24619423053592194362011-11-08T03:12:33.483+00:002011-11-08T03:12:33.483+00:00Tejvan, thanks for your explanation, it was good. ...Tejvan, thanks for your explanation, it was good. In my experience teaching this crisis, people with little background in econ have trouble wrapping their minds around one simple thing: that debt, like anything else, can be bought and sold. If you don't understand this concept, you won't understand how the situation multiplied. If you do understand this concept, its actually very easy Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-2749795413761103022010-10-30T10:37:07.741+01:002010-10-30T10:37:07.741+01:00Recent economic events have brought gold to new he...Recent economic events have brought gold to new heights stirring constantly. As traders commodity many follow and participate trends, some of these increases self-fulfilling prophecies.Real Estate Omahahttp://www.showomahahomes.com/noreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-14453761488754675982010-07-13T09:55:47.837+01:002010-07-13T09:55:47.837+01:00Yes these are few examples of the great disaster f...Yes these are few examples of the great disaster for economic crisisJonnyhttp://allmortgagebanks.com/noreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-17540964908894256512009-10-16T02:37:09.402+01:002009-10-16T02:37:09.402+01:00All legal money is created by three entities: the ...All legal money is created by three entities: the U.S. government that only mint coins amounting to $36.4 billion, or just 0.07% of the $50 trillion plus money supply; the Federal Reserve that issues paper currency amounting to $998 billion, or about 2% of the money supply, and paying the U.S. printing office to print the currency; and commercial banks that Issues checkbook money in the amount ofAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-73920293165850053752009-04-21T19:31:00.000+01:002009-04-21T19:31:00.000+01:00wow....great article.now i understand the crisis m...wow....great article.now i understand the crisis much better.but does this crisis affect developing countries?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-46551362674922219652009-04-17T22:10:00.000+01:002009-04-17T22:10:00.000+01:00It is all very well to make up lame excuses and po...It is all very well to make up lame excuses and pontificate ad infinitum on the current global mess.<br /><br />As long as banks have licence to create money based on promises to repay or debt, as per the current monetary system, the world will continue to suffer the consequences of their greed and complete lack of compassion for society as a whole.<br /><br />It is indeed a sad day when the vicnichttps://www.blogger.com/profile/06831030427353714661noreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-59244288832034113832009-02-19T01:57:00.000+00:002009-02-19T01:57:00.000+00:00The economy and econometrics are human made constr...The economy and econometrics are human made constructs, they merely only mimic us. If human nature and history teaches us anything, it teaches us that everything functions in a cycle-like fashion. The only unknown anomalous variables, is the timing of the chronological order of such a collapse. So from this premise, if economy is based on such cyclical patterns; it is not a question of if it is Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-6183194257190569722009-01-15T16:22:00.000+00:002009-01-15T16:22:00.000+00:00Thanks Jon. Good pointThanks Jon. Good pointTejvan Pettingerhttps://www.blogger.com/profile/03405988099792035111noreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-16149631248261680892009-01-15T15:44:00.000+00:002009-01-15T15:44:00.000+00:00You're not going back far enough with your history...You're not going back far enough with your history. Back in the 1970's, Congress started pressuring lenders to make home loans to less qualified buyers. This, in turn, caused lending institutions to lower their qualification standards again and again until just about anyone could get a loan, whether or not they could actually afford the house they were buying, a practice that continued until Unknownhttps://www.blogger.com/profile/06611705636667037934noreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-17877958797613136412008-12-16T02:12:00.000+00:002008-12-16T02:12:00.000+00:00Lynn Tilton (CEO of Patriarch Partners) was on CNB...Lynn Tilton (CEO of Patriarch Partners) was on CNBC Squawk Box on Friday…relevant insights to this discussion…Fixing the Financial Crisis: The truth of the situation can be ignored no longer (http://www.cnbc.com/id/15840232?video=960926779.)<BR/><BR/> <BR/><BR/>This is the same woman who predicted the financial crisis on Bloomberg TV back in 2006 (http://www.blinkx.com/video/Unknownhttps://www.blogger.com/profile/13141712631321987725noreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-20027862426105341462008-12-10T16:47:00.000+00:002008-12-10T16:47:00.000+00:00It is hard to put a figure on it. Also the magnitu...It is hard to put a figure on it. Also the magnitude of the recession keeps changing. It now looks like we could have the first global recession since the war.Tejvan Pettingerhttps://www.blogger.com/profile/03405988099792035111noreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-65353719322582509332008-12-10T15:54:00.000+00:002008-12-10T15:54:00.000+00:00hey, great explanation for the uninitiated. Is the...hey, great explanation for the uninitiated. Is there any estimate of the total losses to the world economy (stocks/ housing values/ jobs)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-49521757337944042652008-12-06T21:03:00.000+00:002008-12-06T21:03:00.000+00:00very good article to understand the basic behind o...very good article to understand the basic behind ongoing crisis....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-65915825026137602792008-10-22T14:48:00.000+01:002008-10-22T14:48:00.000+01:00Great article!Maybe I will link to this page.Thank...Great article!<BR/>Maybe I will link to this page.<BR/>Thanks for posting.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-25766077083648319552008-10-14T19:29:00.000+01:002008-10-14T19:29:00.000+01:00I mentioned short selling in passing with link to:...I mentioned short selling in passing with link to: http://www.economicshelp.org/2008/09/short-selling-explained.html<BR/><BR/>even though it is long explanation there are still over things to mention.Tejvan Pettingerhttps://www.blogger.com/profile/03405988099792035111noreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-46919249259858057982008-10-14T18:39:00.000+01:002008-10-14T18:39:00.000+01:00Why haven't you dealt you dealt with naked short s...Why haven't you dealt you dealt with naked short selling and other financial fraud in your explanation?alexnharveyhttps://www.blogger.com/profile/11981270816417905473noreply@blogger.com