I’m not certain why, but I was earlier reminded of a recent statement illustrating the rate at which Financial Services, as a component of US GDP, had grown dramatically in the post-Cold War period. I was startled by the figures I’d heard, but only this evening took it upon myself to actually research the claim.Continue reading “How might the current financial crisis shape financial sector regulation and structure?”
Tag Archives: housing bubble
Econopocalypse Now
The conservative take on bank nationalization digested by The Consumerist. B of A chief Ken Lewis subpoenaed by state prosecutors, as reported by the Financial Times. And Dr. Housing Bubble us that the median price of a home in Southern California has declined to $250,000, a level last seen in February 2002.
QuantumTom 