eBook (PDF), 28 Pages
This item has not been rated yet
Price: $4.55
The credit crunch has three clearly defined elements; the circumstances responsible for its occurrence, the event that was the trigger and the policy direction for a solution. This paper identifies these and then runs the tape fast forward to see how it happened. The key lies in the overvaluation of property, namely the instruments securitizing mortgages. This led to the need to write off nearly half the inflated value acquired in the US sub-prime market, cash shortfalls and the collapse of banks. The trigger is the oil price bubble that extracted cash equal to 5% of global GDP. The result was to value property at above its Sustainable Value, which may not only be used as an analytical concept but in practice to take the place of the control mechanisms that have manifestly failed. There is no identifiable fault in the financial system at large. We need to recognize and fix an identified mechanism of financial control and bring about a timely restoration to healthy running.
Available in PDF Format

Ratings & Reviews

Log in to review this item
There are no reviews for the current version of this product
There are no reviews for previous versions of this product

Product Details

September 29, 2011
File Format
File Size
163.95 KB
Product ID

Formats for this Ebook

Required Software Any PDF Reader, Apple Preview
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch... (See More)
# of Devices Unlimited
Flowing Text / Pages Pages
Printable? Yes
Report This Content to Lulu >

Moderation of Questionable Content

Thank you for your interest in helping us moderate questionable content on Lulu. If you need assistance with an order or the publishing process, please contact our support team directly.

How does this content violate the Lulu Membership Agreement?


Listed In