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The origins of the 2008 financial crisis should be traced to the 1980s

Snowden, Nicholas (2015) The origins of the 2008 financial crisis should be traced to the 1980s. USApp – American Politics and Policy Blog (25 Mar 2015). Website.

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Abstract

The financial crisis of 2007-2008 led to a significant fall in GDP in the US and the UK which took years to recover from and left a legacy of sluggish growth. In new research, Nicholas Snowden examines the lead up to the financial crisis, and traces its origins back to developments during the 1980s. He argues that after the mid-1980s, corporations began to prioritise shareholder returns above capital investment, and that this dearth of investment spending was offset by a consumer spending boom fuelled by lower interest rates, which in turn led to the financial meltdown.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/usappblog/2015/03/03/the-an...
Additional Information: © 2015 The Authors, USApp – American Politics and Policy Blog, The London School of Economics and Political Science.; Online
Divisions: LSE
Subjects: J Political Science > JK Political institutions (United States)
Sets: Collections > LSE American Politics and Policy (USAPP) Blog
Date Deposited: 24 Apr 2015 14:12
Last Modified: 26 Jul 2020 23:28
URI: http://eprints.lse.ac.uk/id/eprint/61729

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