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Incomes didn't keep up with productivity
Component
1
#13771
People bought on credit because incomes haven't kept up with productivity gains over past 30 years.
CONTEXT
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The Global Financial Crisis »
The Global Financial Crisis
The Global Financial Crisis☜Exploring the causes, consequences and responses to the global financial crisis. ☜F1CEB7
▲
Long-term causes of the financial crisis? »
Long-term causes of the financial crisis?
Long-term causes of the financial crisis?☜What are the long term causes of the current financial crisis?☜FFB597
▲
Unintended consequences of earlier public policy choices »
Unintended consequences of earlier public policy choices
Unintended consequences of earlier public policy choices☜The roots of the crisis lie in the unintended consequences of policy choices made with respect to the financial sector over the last 30-40 years—which have allowed the volume of (all kinds of) debt in the global financial system to explode.☜59C6EF
▲
US spending funded by credit »
US spending funded by credit
US spending funded by credit☜Increased US consumer spending built on diminishing household savings, mortgage equity withdrawls, and increasing credit.☜9FDEF6
■
Incomes didn't keep up with productivity
Incomes didn't keep up with productivity☜People bought on credit because incomes havent kept up with productivity gains over past 30 years.☜9FDEF6
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Entered by:-
Tom Walker
NodeID:
#13771
Node type:
Component
Entry date (GMT):
3/12/2009 1:31:00 AM
Last edit date (GMT):
3/12/2009 1:31:00 AM
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