Perhaps the most lasting impression of the Great Recession is that it made $1 trillion seem small. It seemed like a financial apocalypse, as the U.S. stock market lost half…
Lessons from the Great Recession
Our past two posts addressed causes of the Great Recession and how it was addressed. Today, we look at lessons learned from the crisis. It’s easy to forget what happened…
Addressing a Debt Crisis with More Debt
Last week, we discussed causes of the Great Recession. Today, we look at how it was addressed. The financial crisis was essentially a debt crisis. Mortgagees were unable to pay…
What Caused the Great Recession?
A decade after the collapse of Lehman Brothers, many are referring to this month as the 10th anniversary of the Great Recession. That’s a bit misleading, as the demise of…