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us economy: How the Economic Stimulus Package Places the Burden upon the American People - 02/18/08 03:54 PM
Is the US economy in trouble? If it is how long will the crisis last? Will the elected representatives and traditional news media tell the American people the truth or hide the true facts? These are all the questions the American public wants answered and has the right to know.
Unfortunately, it is not being discussed openly and reported upon in the media in a transparent manner. The media conglomerates are parts of huge publicly traded companies whose sole purpose is to increase stock value for their shareholders. So if they start reporting on the true State of the American … (0 comments)
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us economy: How the Current US Economy Parallels Past Financial Crises - 02/18/08 03:39 PM
Is the US economy in trouble? If it is what can be the extent of the damage? What is unique about the subprime mortgage crisis? Will the elected representatives and traditional media tell the American people the truth or hide the true facts?
Recently, I found an interesting paper titled, Is the 2007 U.S. Sub-Prime Financial Crisis So Different? by Carmen Reinhart of the University of Maryland and Kenneth Rogoff of Harvard University.
The authors draw parallels between the current US economic issues with five previous financial woes. These five past crises lasted longer than anyone had anticipated. The nations … (0 comments)
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Gaurav Bhola
Orlando,
FL
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