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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.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.