Sometimes historical events -- no matter how painful -- simply must be recalled, in order to learn from them and try to prevent a recurrence. Regarding the financial melt-down of 2008 which happened seven years ago at this time of the year, however, there is reluctance in certain quarters.
Yet, we know that the cause of the problems has not really been dealt with. Policy-makers decided in 2008-2010 to essentially kick the can down the road and wait for another day -- if ever -- to deal with the underlying weaknesses in the economy.
Consider these facts of now:
Yet, we know that the cause of the problems has not really been dealt with. Policy-makers decided in 2008-2010 to essentially kick the can down the road and wait for another day -- if ever -- to deal with the underlying weaknesses in the economy.
Consider these facts of now:
- The regulation of derivatives -- has it been implemented successfully?
- "Too big too fail" -- have we had a solution?
- Speculative dealing -- are the regulations strong enough?
Meantime experts are writing that there is not enough actual money in the economy -- not nearly enough -- to pay off all the debt. Can this situation merely be waved off, or should we be concerned -- very concerned?
So, we start with questions. In coming weeks I plan to relate what the facts show about these various vitally important questions. Please join me here.
CNBC Coverage As It Happened. September 2008
So, we start with questions. In coming weeks I plan to relate what the facts show about these various vitally important questions. Please join me here.
CNBC Coverage As It Happened. September 2008
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