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Title: Another Great Depression? - Adobe PDF(size: 99263k)
Date Posted: 10/19/2008
Comments: The Great Depression began in earnest in October of 1929. By 1933, unemployment rates spiked
to 25%, incomes plunged, construction stopped, thousands of banks failed and people suffered for
years. The seriousness of the current economic situation invites comparisons to 1929. How a
government responds to an economic crisis is vitally important. Generally, that response comes in
the form of monetary and fiscal policy. Let’s hit the highpoints.
Title: Moral Hazard - The Root of the Problem - Adobe PDF(size: 106705k)
Date Posted: 10/19/2008
Comments: As the global markets grapple with the notion that the U.S. financial malaise has spread to
Europe and Asia, contagion ripples across the globe. Financial assets are now clearly out of
favor as panic-stricken investors race one another to flee the capital markets.
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