Wednesday, May 26, 2010

Causes of the Great Recession: The Congressional Report

Via Economix, the Congressional Research Service report on proposed causes of the "financial crisis" (pdf). They have a long list of candidate contributing factors, several of my 2/2009 items make the list.

My April 2010 list is much shorter -- in recent times I've stepped back from the intermediate causes and looked to global economic transformation (China, India) and information technology as the true root causes of current and, I expect, ongoing, instability.

The CRS list isn't terribly interesting. They've basically rounded up all the suspects.

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