On March 13, 2009 CBS News reported that "$50 trillion dollars in global wealth has been erased over the last 18 months".
Investors lost trillions of dollars in mortgage backed securities, real estate investments, retirement funds and the stock market. Millions of people lost their jobs and millions of families lost their homes and life savings. Hundreds of banks failed and over a million businesses declared bankruptcies. The ramifications of the financial crisis are still being felt in 2011 with banks closing even after the economic recovery of 2010. In many countries, the pressures of national austerity measures, inflation, tax increases and civil unrest are on the rise as taxpayers ended up paying the bill for the banking bailouts, failed government policies and economic stimulus programs.
Read More: http://www.economicpredictions.org/
The Financial Crisis Winners and Losers
Research Question:
* Who are the top winners and losers of the financial crisis? Top investors, economists, intellectuals, government officials, think tanks, and universities that lost or won because of the crisis
Read More: http://www.economicpredictions.org/financial-crisis-winners-losers.htm
Lessons from the Financial Crisis
Research Questions:
* What are the lessons we can learn to avoid future crises?
* What the the economic policy lessons?
* What are the investment lessons?
* Do we need more financial market regulations or less regulations?
Read More: http://www.economicpredictions.org/financial-crisis-lessons.htm
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