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Last Chance for Christmas Sale https://www.eurodollar.university/sales-page-1 What's the difference between financial and monetary crisis? Everything. Whether anyone knows it or not, we continue to live in the long shadows of 2008. They are deflationary more than anything, too, a Silent Depression that so long as we remain stuck in it will make the 2020s into something more like the 2010s. That's not good. Getting out starts with finally a proper accounting of 15 years ago. Eurodollar University's Money & Macro Analysis Ben Bernanke Before the Joint Economic Committee, U.S. Congress, Marcy 28, 2007 https://www.federalreserve.gov/newsevents/testimony/bernanke20070328a.htm FCIC Final Report https://www.govinfo.gov/content/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf New Yorker Anatomy of a Meltdown https://www.newyorker.com/magazine/2008/12/01/anatomy-of-a-meltdown St Louis Fed (2009) The Financial Crisis and U.S. Cross-Border Financial Flows https://www.federalreserve.gov/pubs/bulletin/2009/articles/crossborder/default.htm Twitter: https://twitter.com/JeffSnider_EDU https://www.eurodollar.university RealClearMarkets Essays: https://bit.ly/38tL5a7 #gfc2022 #gfc2023 #2008 #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #ratecuts #federalreserve #fomc #fedpivot |