ECON 255 Lecture Notes - Federal Home Loan Banks, Peter Schiff, Alan Greenspan
Document Summary
Econ 255: notes from overdose: the next financial crisis . Method used didn"t solve the problem alcohol given to the drunk : the solution used only exacerbates the problem. Bailing out the auto workers also hints the failure of congress to give a proper response seeking someone to blame possible politically motivated strategy. Gerald celente: september 11, 2001 the date marked the fall of the wtc, which is the symbol of the economy of the united states coincide with the dot com bubble where the us was facing recession. Spring 2001: federal reserve lowered the interest rate continued doing so to: 1) lower unemployment, 2) to save companies at the brink (of bankruptcy) 2001 interest rate: 6. 5% to 1. 75% 2003: 1% and remained for a while. Alan greenspan: low interest rate may cause a bubble (it"s party time) when the.
