Financial crisis

The Poor Man's Burden

Eighty years ago, a depression changed the way we think about poverty. It took decades for the world to recover and to remember that if people are given freedom, they will prosper. Now, in the wake of another massive meltdown, the fear that shocked us into depending on government to fix poverty is spreading once again -- and threatening to undo many of the gains we've made.

BY WILLIAM EASTERLY | JANUARY 5, 2009

Watch the Dollar

"If housing prices fall back in line with the overall rate price level... it will eliminate more than $2 trillion in paper wealth and considerably worsen the recession. The collapse of the housing bubble will also jeopardize the survival of Fannie Mae and Freddie Mac." -- Dean Baker, September 2002

BY DEAN BAKER | JANUARY 5, 2009

Are We There Yet?

"I am worried that the collapse of home prices might turn out to be the most severe since the Great Depression." -- Robert J. Shiller, September 2007

BY ROBERT J. SHILLER | JANUARY 5, 2009

Good Luck, Barack

"The size of the financial markets... has become so monstrously huge, there is no other means of maintaining stability than to establish a psychology of confidence. The governments themselves can only project to the markets a sense they know what they're doing." -- David M. Smick, March 2008

BY DAVID M. SMICK | JANUARY 5, 2009

A Lethal Shakeout

"If, as I suspect, the American consumer now enters a sustained slowdown, there will be unmistakable reverberations on U.S.-centric export flows in many major regions of the world." -- Stephen S. Roach, October 2006

BY STEPHEN S. ROACH | JANUARY 5, 2009

Warning: More Doom Ahead

"Because the United States is such a huge part of the global economy, there's real reason to worry that an American financial virus could mark the beginning of a global economic contagion." -- Nouriel Roubini, March 2008

BY NOURIEL ROUBINI | JANUARY 5, 2009

Seven Questions: Paul Martin

As world leaders gear up for a major financial summit in Washington, Former Canadian Prime Minister Paul Martin explains why his country has weathered the subprime tsunami better than most, how the G-20 can keep the sky from falling, and what Barack Obama needs to do to make globalization work again.

INTERVIEW BY ELIZABETH DICKINSON | NOVEMBER 11, 2008

After the Fall

What the lessons of 9/11 could teach the world about the financial crisis.

BY MOISES NAIM | OCTOBER 15, 2008

Stop the Bleeding, Hank

It’s time for the Treasury to roll out Plan B.

BY LUIGI ZINGALES | OCTOBER 13, 2008

Boomtowns

The housing bubble may have burst in the United States and Western Europe. But, in cities around the world, irrational exuberance in the residential market lives on.

APRIL 10, 2008

Reasons to Be Bullish?

Economists Daniel Rosen and Tim Duy, and global investment strategist Jack Dzierwa, challenge Nouriel Roubini's gloomy prediction of "The Coming Financial Pandemic."

APRIL 10, 2008

The Coming Financial Pandemic

The U.S. financial crisis cannot be contained. Indeed, it has already begun to infect other countries, and it will travel further before it's done. From sluggish trade to credit crunches, from housing busts to volatile stock markets, this is how the contagion will spread.

BY NOURIEL ROUBINI | MARCH 1, 2008

Confidence Game

The global financial crises of the 1990s suggest that the Bush administration should look beyond traditional remedies to pull the United States out of its economic doldrums.

BY MOISÉS NAÍM | MAY 1, 2001

First Aid for Financial Crises

BY DEEPAK GOPINATH | JANUARY 1, 2001

A Crash Course for Central Bankers

BY BEN S. BERNANKE | SEPTEMBER 1, 2000

After the Crash

Would a sudden collapse on Wall Street spark a global Great Depression, 21st-century style? Maybe. However, the biggest dangers lie not in shrinking economies or international financial panics, but in the worldwide spread of misguided policies that would follow a stock market debacle.

BY MARTIN WOLF | SEPTEMBER 1, 2000

Africa's Needs

The pillars on which Africa's peace and security rest -- disarmament and development -- have been assailed by America's policies during the past four years.

BY OLUSEGUN OBASANJO | DECEMBER 22, 1984