Living in the Post-Bubble World, Part Two: Something New or Business as Usual?

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The dominant factor in today's politics of finance is that we are living in the aftermath of the twenty-first-century bubble. In both the United States and Europe, debt was built on asset prices that no longer exist. Write-offs of the resulting losses are far from complete; the involved parties are now vigorously disputing who gets to take the inevitable losses. How big are these losses? What kinds of financial systems, banking, mortgage securitization, central banking, and related economic effects can we expect in the post-bubble world? Will we find something new or just business as usual? Our panel of experts will address these and related questions.
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About the Author

 

John H.
Makin

 

Desmond
Lachman

 

Alex J.
Pollock

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