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2008 Financial Crisis – Causes and historical context

Tom Spencer

Many an economics and finance course later, I see that the layers of complexities to the 2008 financial crisis are innumerable. However, on October 6 th 2008, the Federal Reserve also began paying interest to banks on their excess reserves stored at the Fed, and the quantity of these reserves reached over $1.5 It all seemed so clear.

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Inflation: Understanding its Impact on the Economy

Tom Spencer

Since 2008, the rate of inflation in the U.S. This article explores the nature of inflation, delving into its impact on different socioeconomic groups, the balance between inflation and unemployment, and the historical theories that have shaped monetary and fiscal policy decisions. remained stable, at or below the Fed’s 2% target.

Policies 147
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Hilarious Transcripts of Fed Minutes from 2008 Reveal Completely Clueless Fed

MishTalk

Here is a list of FOMC Transcripts and Other Historical Materials, 2008 Notes I purposely cherry picked statements of various Fed governors. Amazingly, Bernanke spoke of pent-up demand for housing in January of 2008 The January 29-30 transcript was a whopping 194 pages long. percentage point to GDP growth in 2008 and 0.3

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What is the value of digital currency?

Tom Spencer

The global financial crisis redoubled these concerns, and it is no coincidence that Bitcoin was launched in 2008. Traditionally, central banks are limited in their power to control monetary policy. In many countries, QE and conventional monetary policy have reached their limit. However, people cannot be forced to borrow.

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A New Quest for Consultancy: Transitioning from Just-in-Time Logistics

Tom Spencer

For instance, in the lead up to the 2008 Great Recession, McKinsey actively promoted mortgage securitization , alongside EY which was involved with Lehman Brothers’ accounting fraud allegations [pdf]. The 2008 meltdown highlighted harmful practices in the financial sector, such as credit default swaps and collateralized debt obligations.

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New Zealand’s Financial Crises Resilience

Tom Spencer

New Zealand found itself in quite an enviable position following the GFC due to a number of policy decisions that put it in a position to succeed and it was also fortunate to have surrounded itself with powerful trading partners. If Australia and China had suffered a recession in 2008, New Zealand may have been in a lot more trouble.

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Going into Consulting in a World Changed by COVID-19

Tom Spencer

If we learned anything from the 2008 financial crisis, it is fair to say that in lean times private sector organizations have less resources available to invest in consulting. In 2008, consulting projects still went on, but they shifted more towards necessary functions or cost management projects.