References

^ Allen, Paddy (2009-01-29). "Global recession - where did all the money go?". The Guardian. Retrieved on 2009-04-10.
^ Mishkin, Fredric S.. "How Should We Respond to Asset Price Bubbles?" (May 15, 2008). Retrieved on 2009-04-18.
^ Foldvary, Fred E. (September 18, 2007) (PDF). The Depression of 2008. The Gutenberg Press. ISBN 0-9603872-0-X. Retrieved on 2009-01-04.
^ Nouriel Roubini (January 15, 2009). "A Global Breakdown Of The Recession In 2009".
^ Wearden, Graeme (2008-06-03). "Oil prices: George Soros warns that speculators could trigger stock market crash". The Guardian. Retrieved on 2009-04-10.
^ "Greenspan Concedes Error on Regulation". New York Times. Retrieved on 2009-04-18.
^ "Inequality and depression: Ravi Batra's original thesis on financial crisis". Forbes. 1987-09-27. Retrieved on 2009-04-18.
^ Isidore, Chris (2008-12-01). "It's official: Recession since Dec. '07". CNN Money. Retrieved on 2009-04-10.
^ Congressional Budget Office compares downturn to Great Depression. By David Lightman. McClatchy Washington Bureau. January 27, 2009.
^ Finch, Julia (2009-01-26). "Twenty-five people at the heart of the meltdown ...". The Guardian. Retrieved on 2009-04-10.
^ http://www.msnbc.msn.com/id/30638500/
^ http://www.msnbc.msn.com/id/30638290/
^ "IMF warns over parallels to Great Depression". Telegraph. 2009-04-17. Retrieved on 2009-04-17.
^ Rubin, Jeff (May 27, 2008). "The New Inflation" (PDF). StrategEcon (CIBC World Markets). Retrieved on 2009-01-04.
^ "Crude oil prices set record high 102.08 dollars per barrel".
^ a b "Light Crude Oil EmiNY (QM, NYMEX): Monthly Price Chart". Tfc-charts.com. Retrieved on 2009-01-04.
^ Peak Oil and the Financial Crisis http://www.alternet.org/story/75649/
^ Oil prices and future economic stability http://www.thestar.com/business/article/535378
^ "Africa's Plight Dominates First Day of G8 Summit".
^ "Sulfuric acid prices explode".
^ "Dow Declares Force Majeure for Caustic Soda".
^ "Commodities crash".
^ Monica Davey (December 25, 2005). "2005: In a Word". New York Times.
^ "The global housing boom". The Economist. June 16, 2005.
^ "Global inflation climbs to historic levels". International Herald Tribune. 2008-02-12. Retrieved on 2008-07-11.
^ "Are emerging economies causing inflation?". Economic Times (India). 2008-07-08. Retrieved on 2008-07-11.
^ "Prospects for Inflation outside America - Guest Post from Menzie Chinn". Jeff Frankel's Weblog. 2008-06-26. Retrieved on 2008-07-11.
^ "EU slashes growth forecast, foresees inflation surge".
^ "EU cuts growth forecast".
^ "What Went Wrong". The Washington Post. 2008-10-15. Retrieved on 2009-04-10.
^ Whitney, Mike (August 6, 2007). "Stock Market Meltdown". Global Research. Retrieved on 2009-01-04.
^ Polleit, Thorsten (2007-12-13). "Manipulating the Interest Rate: a Recipe for Disaster". Mises Institute. Retrieved on 2009-01-04.
^ Pettifor, Ann (16 September 2008). "America’s financial meltdown: lessons and prospects". openDemocracy. Retrieved on 2009-01-04.
^ Karlsson, Stefan (2004-11-08). "America's Unsustainable Boom". Mises Institute. Retrieved on 2009-01-04.
^ Fratianni, M. and Marchionne, F. 2009. The Role of Banks in the Subprime Financial Crisis available on SSRN: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1383473
^ Appelbaum, Binyamin; Leonnig, Carol D.; Hilzenrath, David S. (September 14, 2008), "How Washington Failed to Rein In Fannie, Freddie", The Washington Post: A1, retrieved on 2009-03-08
^ http://www.factcheck.org/elections-2008/who_caused_the_economic_crisis.html
^ Futrelle, David (2009-02-27). "New theories attempt to explain the financial crisis". CNN Money. Retrieved on 2009-04-10.
^ a b c Salmon, Felix (2009-02-23). "Recipe for Disaster: The Formula That Killed Wall Street". Wired. Retrieved on 2009-04-10.
^ a b "The power of belief". TPM. 2009-03-02. Retrieved on 2009-04-10.
^ Short article written by Lawrence H. White and David C. Rose describing the downturn from an Austrian perspective https://www.cato.org/pub_display.php?pub_id=9901
^ Paul, Rep., Ron (September 10, 2003). "Fannie and Freddie". LewRockwell.com. Retrieved on 2009-01-04.
^ Reisman, George (October 24, 2008). "The Myth that Laissez Faire Is Responsible for Our Financial Crisis". LewRockwell.com. Retrieved on 2009-01-04.
^ "The Depression Reader". LewRockwell.com. Retrieved on 2009-01-04.
^ Felsenthal, Mark (2008-10-23). "Greenspan "shocked" at credit system breakdown". Retrieved on 2008-11-06.
^ The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong
^ How Government Created the Financial Crisis
^ Bello, Walden (18 October 2008). "Afterthoughts : A primer on the Wall Street meltdown". Focus on the Global South. Retrieved on 2009-01-04.
^ Willis, Bob; Schlisserman, Courtney (December 16, 2008). "U.S. Economy: Consumer Prices, Housing Starts Slide". Bloomberg.com. Retrieved on 2009-01-04.
^ Hagens, Nate (October 13, 2008). "Herman Daly on the Credit Crisis, Financial Assets, and Real Wealth". The Oil Drum. Retrieved on 2009-01-04.
^ Graham Turner (2008). "A Comparison of `The Limits to Growth` with Thirty Years of Reality". Commonwealth Scientific and Industrial Research Organisation (CSIRO).
^ http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm
^ http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=1&Freq=Qtr&FirstYear=2007&LastYear=2009
^ A juddering halt to world trade
^ The collapse of manufacturing
^ Thanks to the Bank it's a crisis; in the eurozone it's a total catastrophe
^ A Global Retreat As Economies Dry Up. The Washington Post. March 5, 2009.
^ Economic Crisis Poses Threat To Global Stability. NPR. February 18, 2009·
^ China heads to Europe for a multi-billion trade deal. People's Daily Online. February 25, 2009.
^ Strange rise of Eastern neo-colonialism, The Times of India, January 20, 2008
^ Sovereign Wealth Funds Bail Out Major Banks, InvestorPlace Asia
^ Colonialism Goes Into Reverse Gear As The Libyan Government Bails Out Italy's UniCredit
^ Chinese sovereign fund turning to natural resources. Reuters. February 19, 2009.
^ China, taking advantage of global recession, goes on a buying spree. The Christian Science Monitor. February 21, 2009
^ Financial crisis to cost 20 mn jobs: UN
^ Global unemployment heads towards 50 million, The Times, January 29, 2009
^ Volatility returns with a vengeance
^ Markets, Uncertain Times, The Economist, February 4, 2008
^ MacMahon, Peter (2008-01-22). "Market falls continue as £84bn is lost on Black Monday". The Scotsman (Johnston Press Digital Publishing). Retrieved on 2008-01-25.
^ Sources including:
Zhixin, Dong (2008-01-21). "Black Monday for Chinese stocks, down 5%". China Daily. Retrieved on 2008-01-25.
Warmington, Joe (2008-01-22). "Black Monday again". Toronto Sun (Conoe, Inc). Retrieved on 2008-01-25.
Wilson, Greg (2008-01-22). "It's a Black Monday as stock markets tank in every corner of the globe". Daily News (NYDailyNews.com). Retrieved on 2008-01-25.
^ Zhixin, Dong (2008-01-21). "Black Monday for Chinese stocks, down 5%". Chinadaily.com.cn. Retrieved on 2009-01-04.
^ Paul Krugman. "Contagion, revisited" (PDF).
^ "Yahoo Finance Historical Data".
^ "Panic grips credit markets".
^ "Behind the Russian Stock Market Meltdown".
^ "Markets Drop Around the World on Turmoil, Fears About Growth".
^ Short Selling Restriction
^ SEC Halts Short Selling of Fiancial Stocks on 09-19-2008
^ "ASX opens after delay". SBS World News. 2008-09-22. Retrieved on 2008-09-23.
^ "ASIC bans all short-selling". The Age (Fairfax Media). 2008-09-22. Retrieved on 2008-09-23.
^ "ASIC issues new short selling guidance". The Age (Fairfax Media). 2008-09-25. Retrieved on 2008-09-26.
^ Hale, David (2009-01-05). "There is only one alternative to the dollar". Financial Times. Retrieved on 2009-01-08.
^ Branford, Sue (2008-11-22). "Land Grab". guardian.co.uk. Retrieved on 2009-01-08. "investment banks and private equity (...) seeing land as a safe haven from the financial storm."
^ "The 2008 landgrab for food and financial security". grain.org (NGO). 2008-October. Retrieved on 2009-01-08.
^ Stephen Schwarzman says 45 per cent of global wealth written off by financial crisis. NEWS.com.au. March 11, 2009.
^ Forbes
^ http://news.bbc.co.uk/2/hi/europe/7744355.stm
^ http://www.iht.com/articles/2009/01/29/europe/france.4-418938.php
^ http://www.reuters.com/article/newsOne/idUSLP45582720090225
^ http://www.latimes.com/news/nationworld/world/la-fg-baltic-protests17-2009jan17,1,5418868.story
^ http://www.guardian.co.uk/business/2009/jan/31/global-recession-europe-protests
^ http://www.iht.com/articles/2009/02/01/europe/01russia.php
^ http://business.timesonline.co.uk/tol/business/economics/article5627687.ece
^ a b BBC
^ "CIA Adds Economy To Threat Updates White House Given First Daily Briefing" article by Joby Warrick, Washington Post Staff Writer, Thursday, February 26, 2009
^ Immigrants Are Starting to Head Back Home. Newsweek. March 14, 2009
^ EIU Special Report - Manning the Barricades
^ Business Week article "Economic Woes Raising Global Political Risk" by Jack Ewing published March 10, 2009
^ The Associated Press article "Experts: Financial crisis threatens US security" by STEPHEN MANNING published March 11, 2009
^ NPR artic;le "Economic Crisis Poses Threat To Global Stability" by Tom Gjelten
^ Sir Fred Goodwin's home attacked
^ AIG warns staff to travel in pairs after death threats over bonuses
^ a b "ZAGAT'S 2009 U.S. Hotels, resorts, & spas survey finds more options available for cost-conscious travelers". Zagat. 2008-11-12. Retrieved on 2009-03-20.
^ World Tourism Organization (October 2008). "UNWTO World Tourism Barometer October 2008" (PDF). UNWTO. Retrieved on 2008-11-17. Volume 6, Issue 3
^ "Which insurers are planning on raising premiums this year?". NCD News. Retrieved on 2009-02-22.
^ EU Proposes €200 Billion Stimulus Plan
^ Bailout Binge
^ a b Gullapalli, Diya and Anand, Shefali. "Bailout of Money Funds Seems to Stanch Outflow", The Wall Street Journal, September 20, 2008.
^ (Press Release) FRB: Board Approves Two Interim Final Rules, Federal Reserve Bank, September 19, 2008.
^ Boak, Joshua (Chicago Tribune). "SEC temporarily suspends short selling", San Jose Mercury News, September 19, 2008.
^ [1]. Tickerforum.com
^ http://www.washingtonpost.com/wp-dyn/content/article/2008/12/25/AR2008122500759.html
^ http://www.washingtonpost.com/wp-dyn/content/article/2008/10/11/AR2008101100177_2.html?sid=ST2008101102372&s_pos=
^ Bull, Alister. "Fed says to make loans to aid money market funds", Reuters, September 19, 2008.
^ "BBC NEWS | Business | Central banks cut interest rates". News.bbc.co.uk. Page last updated at 22:28 GMT, Wednesday, October 8, 2008 23:28 UK. Retrieved on 2008-10-19.
^ "Historical Changes of the Target Federal Funds and Discount Rates - Federal Reserve Bank of New York". Newyorkfed.org. Retrieved on 2008-10-19.
^ "Administration Is Seeking $700 Billion for Wall Street". New York Times. 2008-09-20. Retrieved on 2008-09-25.
^ House of Representatives Roll Call vote results. Library of Congress THOMAS website. Retrieved on September 29, 2008.
^ "Common (Stock) Sense about Risk-Shifting and Bank Bailouts". SSRN.com. December 29, 2009. Retrieved on January 21, 2009.
^ "Fed Pumps Huge Wads of Cash Into System- page 2 of 2 - TheStreet.com". Thestreet.com. Retrieved on 2008-10-19.
^ "Fed's spending is risky business". Marketplace. 2008-12-22. Retrieved on 2009-01-12.
^ "Asian central banks spend billions to prevent crash". International Herald Tribune. 2008-09-16. Retrieved on 2008-09-21.
^ "Chinese pharmaceutical exporters to benefit from latest tax rebates increases". Asia Manufacturing Pharma. 2008-12-01. Retrieved on 2008-12-01.
^ a b "Germany Rescues Hypo Real Estate". Deutsche Welle. 2008-10-06.
^ ""Gordon Brown should say 'sorry'"". Telegraph.co.uk. 2009-03-09. Retrieved on 2009-03-09.
^ ""It Doesn't Exist!"". Newsweek.com. 2008-12-06. Retrieved on 2008-12-15.
^ EU resists deficits
^ a b c http://stats.oecd.org/WBOS/Index.aspx?QueryName=350&QueryType=View&Lang=en
^ "Denmark". Oxford Economic Country Briefings (Findarticles.com). September 17, 2008. Retrieved on 2009-01-04.
^ Mardiste, David (2008-08-13). "UPDATE 3-Estonia follows Denmark into recession in Q2". TALLINN: Reuters. Retrieved on 2009-01-04.
^ "Latvia". Oxford Economic Country Briefings. Findarticles.com. September 26, 2008. Retrieved on 2009-01-04.
^ Evans-Pritchard, Ambrose. "Ireland leads eurozone into recession". Telegraph. Retrieved on 2009-01-04.
^ "New Zealand falls into recession". BBC News. 2008-09-26. Retrieved on 2009-01-04.
^ "HIGHLIGHTS: Crisis sends Japan into first recession in 7 years". TOKYO: Reuters. 2008-11-17. Retrieved on 2009-01-04.
^ "Sweden stumbles into recession". The Local. 2008-11-28. Retrieved on 2009-04-10.
^ "HK shares may fall; exporters may drop". HONG KONG: Reuters. 2008-11-16. Retrieved on 2009-01-04.
^ "Singapore slides into recession". Telegraph. 10 October 2008. Retrieved on 2009-01-04.
^ "OECD area GDP down 0.1% in the third quarter of 2008". OECD. 2008-11-20. Retrieved on 2009-04-10.
^ Fitzgibbons, Patrick (2008-11-14). "TOPWRAP 10-Germany, China, US feel pain of global downturn". NEW YORK: Reuters. Retrieved on 2009-01-04.
^ Strupczewski, Jan (2008-11-14). "Euro zone in recession, December rate cut expected". BRUSSELS: Reuters.com. Retrieved on 2009-01-04.
^ "Spain's economy enters recession". BBC News. 2009-01-28. Retrieved on 2009-04-10.
^ "Taiwan in recession". 2009-02-18. Retrieved on 2009-04-10.
^ "Reflating the dragon". Beijing: The Economist. November 13, 2008. Retrieved on 2009-01-04.
^ Alford, Peter (2009-02-16). "Japan headed for longest, deepest post-war recession". The Austrailian. Retrieved on 2009-04-10.
^ "National Bank estimate: Ukraine GDP down 20 percent in January". Kyiv Post. 2009-02-17. Retrieved on 2009-04-10.
^ Aversa, Jeannine (2009-03-16). "Bernanke: Recession could end in '09". The Washington Times. Retrieved on 2009-04-10.
^ "Fed cuts 2009 economic forecast". 2009-02-18. Retrieved on 2009-04-10.
^ "German Economy Could Improve by the End of 2009". Spiegel. 2009-01-22. Retrieved on 2009-04-10.
^ Von Thomas Schmid (2008-12-07). "Abschwung: Vielleicht bald wieder sechs Millionen Arbeitslose" (in German). WELT ONLINE. Retrieved on 2009-01-04.
^ "Economic Forecast autumn 2008: growth comes to a standstill in the wake of the financial crisis". European Commission: Economic and Financial Affairs. 2008-11-03. Retrieved on 2009-04-10.
^ "World Economic Outlook Update - Rapidly Weakening Prospects Call for New Policy Stimulus". International Monetary Fund. 2008-11-06. Retrieved on 2009-04-10.
^ See e.g. the radio news at the following German address: [2]
^ http://www.imf.org/external/np/tr/2009/tr042109.htm , press conference from 21 April, 2009
^ Bagnall, James (2009-03-16). "Not the Great Depression". The Ottawa Citizen. Retrieved on 2009-04-10.
^ Collyns, Charles (December 2008). "The Crisis through the Lens of History". Finance and Development 45 (4).
^ "Extremist nightmares". The Economist. March 5th 2009. Retrieved on 2009-03-12.
^ Isidore, Chris (2009-03-25). "The Great Recession". CNN Money. Retrieved on 2009-04-10.
^ "The difficulty with economic forecasting". Marketplace (American Public Media). 2009-03-25. Retrieved on 2009-03-26.
^ a b c John Tatom (02 February 2009), The Superlative Recession and economic policies, MPRA Paper No. 13115
^ Bajaj, Vikas (March 14, 2009). "Has the Economy Hit Bottom Yet?". New York Times. Retrieved on 2009-03-15.
^ Steve H. Hanke (March 16, 2009). "Unconventional Wisdom". Forbes.
^ When to get back into the market?
^ http://www.businessweek.com/magazine/content/09_11/b4123026586146.htm
^ http://www.fdrlibrary.marist.edu/unempl71.html
^ http://www.cbsnews.com/stories/2008/12/01/national/main4640509.shtml
^ http://www.bls.gov/news.release/empsit.t12.htm
^ http://www.reuters.com/article/marketsNews/idUSN0944970920090309
^ http://www.reuters.com/article/marketsNews/idUSN0944970920090309
^ http://www.nytimes.com/2009/01/05/opinion/05krugman.html
^ Not the Great Depression
^ http://abcnews.go.com/Video/playerIndex?id=6932460
^ 'I Am Not Dr. Doom', Washington Post.
^ http://news.cnet.com/8301-1001_3-10185559-92.html
^ http://norris.blogs.nytimes.com/2009/03/05/plunging-markets-then-and-now/
^ Ravi Batra, "The Global Financial Crisis: What Caused it, Where it is heading?"
^ Not All Bad News - An Interview with economist and author Dr. Ravi Batra, December 2008 regarding his book: The New Golden Age: The Coming Revolution against Political Corruption and Economic Chaos
^ The Prophet of Boom (and Bust) - Now will they listen to Ravi Batra?
^ Ravi Batra interviewed by Thom Hartmann
^ George W. Bush Press Conference Transcript, January 12, 2009
^ http://www.msnbc.msn.com/id/3032619/#29603738
^ http://online.wsj.com/article/SB123897612802791281.html
^ IMF warns over parallels to Great Depression
^ http://www.thetimes.co.za/News/Article.aspx?id=937281
^ http://news.bbc.co.uk/2/hi/uk_news/politics/7880189.stm
^ http://www.telegraph.co.uk/finance/financetopics/recession/4326894/Britain-on-the-brink-of-an-economic-depression-say-experts.html
^ Ireland is entering a depression...
^ Ireland's Economy in Free Fall Collapse
^ NCB says GDP will be down 14% by 2010
^ NCB says GDP will be down 14% by 2010
^ Unemployment reaches 11% in Ireland
^ Live Register climbs by another 20,000
^ Irish unemployment at fresh highs
^ Erin Go Broke
^ The World's Biggest Debtor Nations
^ IMF warns Ireland will pay highest price to secure banks
^ Ireland ‘could default on debt’
^ Default fears as Ireland's debt costs continue to rise
^ If world sinks into a depression, who will bail out Ireland from bankruptcy?
^ Record demand for free food parcels in Dublin
^ Queuing for food
^ Cow butchered in Tipperary field
^ Throwback to the '80s as hundreds queue for jobs
^ Ireland: Hundreds of People Queue for Low Wage Retail Sales Jobs in Dublin
^ Total collapse in business support for Government
^ Collapse in support for Government
^ FF falls to lowest ever rating - poll
^ Over 120,000 workers march through Dublin's fair city
^ Thousands protest over economy
^ Dublin Protest
^ ICTU defers national strike
^ Civil unrest 'may force June poll'
^ Is Ireland at risk from social unrest?