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Credit crunch (pdf) slides

18th March 2008
The credit crunch (or should it now be called a credit crisis?) will be dominating the headlines for some time to come. I was discussing aspects of it in my macro lesson this morning, we looked at the Bear Stearns share price; the sharp turning point in the US housing market, the need for a rebalancing of the US economy through higher domestic savings and the trends in the dollar-euro exchange rate and equity prices.
I have attached a pdf file of the PowerPoint chart slides I used in case it is useful for teaching purposes. This BBC news audio-video report contains a piece by the new economics editor of the BBC, Stephanie Flanders.
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