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Global Financial Crisis - Ten Years On
6th August 2017
Naturally the tenth anniversary of the onset of the Global Financial Crisis will bring many analysis and comment pieces. We will curate the best of them in this blog.
'That was chilling' https://t.co/18FjRP0HHT
— BBC World Business (@BBCWorldBiz) August 9, 2017
John Authers from the FT looks at the common characteristics of bubbles
"Speculative bubbles are rooted deep in human nature, and have been widely studied."
John Authers; The warnings from history that Wall Street ignored https://t.co/aCcbhlT60o
— Financial Times (@FinancialTimes) August 6, 2017
There are numerous warning signs in the summer of 2017 from the rapid expansion of consumer credit
Latest #BOE data show unsecured #UK #consumer #credit rose markedly in Oct - Mark #Carney warns on household #debt https://t.co/E6DKtiuWjy
— Howard Archer (@HowardArcherUK) November 30, 2016
The renowned economist Steve Keen predicted the crisis a decade ago and is quoted in this article as saying that "ten years since the global financial crisis, world still suffers 'debt overhang'"
"Ten years since the global financial crisis, world still suffers 'debt overhang'" https://t.co/v1D2k2IGnw by @NassimKhadem #10YearsAfterGFC
— Dr. Steve Keen (@ProfSteveKeen) June 16, 2017
Here is an excellent background article from City AM:
The global financial crisis 10 years on: six charts that tell the story
The warnings from history that Wall Street ignored
The Guardian looks back here at the events of 2007: The day the credit crunch began
Leading article: A decade after the financial meltdown, its underlying problems haven’t been fixed
FT- Lessons from the Credit Crunch
Lessons from the credit crunch https://t.co/A7BPM7bX7Q
— Financial Times (@FinancialTimes) August 6, 2017
Monday's FT: "Banks rack up $150bn in US fines since start of the financial crisis" #bbcpapers #tomorrowspaperstoday pic.twitter.com/vCg8mnVD7n
— Allie Hodgkins-Brown (@AllieHBNews) August 6, 2017
20th century bubbles. Nice charts from @johnauthers pic.twitter.com/aARkM3UdvR
— Ángel Martín Oro (@a_martinoro) August 7, 2017
3 lesser-known effects of the global financial crisis - @TonyGreenham https://t.co/O7TzftRteP #10yearsafter pic.twitter.com/ewqGqPVq79
— The RSA (@theRSAorg) August 14, 2017
Robert Peston's reflections
The day the markets collapsed: Robert @Peston on the moment in 2007 when he realised just how serious things were https://t.co/2yHXHbNcKw
— Fraser Nelson (@FraserNelson) August 9, 2017
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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.
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