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Opinion on the 2008 financial crisis

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The financial crisis of 2008 caused macroeconomists to rethink monetary and fiscal policies. Economists, financial experts, and government policy makers are victims of what former Fed chairman Alan Greenspan called a "once in a century credit tsunami"—in other words, nobody saw it coming.

Based on the analysis of the data, share your thoughts on what caused the financial crisis and whether the United States is going in the right or wrong direction with its current policies.

Focus specifically on the following:
- What monetary policies do you think caused the crisis?
- What were the effects of the policies implemented in reaction to the crisis?
- Do you think the solutions worked in the short term? In the long term?
- What fiscal policies do you think caused the crisis?
- What were the effects of the fiscal policies implemented in reaction to the crisis?
- Do you think the solutions worked in the short term? In the long term?

Please supply research and graphs to back up your argument.

Make sure you include the following concepts in your analysis:
•Interest rates
•The financial services industries (CDOs, CMOs, the stock market, credit flows, money markets, etc.)
•Tax rebates
•Stimulus
•TARP
•Government debt and deficit
•Inflation
•Unemployment
•GDP

In your opinion, did government intervention help or harm the economy before and after the panic of 2008? Would you have done anything differently?

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Solution Summary

This solution provides a discussion of what caused the financial crisis.

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See Also This Related BrainMass Solution

Discussing the Economic Crisis of 2008

Task:
- Use the internet to locate articles discussing the economic crisis of 2008.
- Find one article that you would like to read.
- Skim the article.
- Read the entire article, highlighting topic sentences.
- Identify the author's thesis.

Write a summary and response, beginning your post with the author's name and title of the article. Identify the type of article (i.e., information, feature, opinion). Who is his or her primary audience? In the first paragraph, objectively summarize the author's thesis, purpose statement, or controlling idea. What is the main idea?

You may respond to the entire article, or you may concentrate on one or two points. Your response should be based on analysis, reasons, and evidence, not your feelings and opinion. Write with authority and avoid statements, such as "In my opinion," I think," I feel," and "I believe." Be honest in acknowledging your own bias; compare and contrast your opinions with the author's. Avoid biased language or attacks on the author. In your conclusion, sum up the main points. Explain how this article agrees or disagrees with your thesis statement. Use in-text citations (in APA format) to document paraphrased and quoted materials.

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