Housing Crisis In The Mid-2000s, Research Paper

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GDP growth slowed, followed by a three-quarter recession and slow growth has resumed on the other side of that recession. The unemployment rate skyrocketed, more than doubling in a short period of time, and has lingered at high levels for over a year. The rate of inflation fell well below the Fed's target rate, this despite aggressive expansionary monetary policy. The federal government, whose budget had previously oscillated between monthly surpluses and deficits, has been in deficit every single month -- and deeper deficits than every before -- as it has taken several fiscal policy measures to contain the economic damage. This evidence makes the clear case that steps should be taken to avoid a repeat of this housing crisis in the future, since...

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Retrieved March 8, 2011 from http://www.census.gov/const/startssa.pdf
Bureau of Economic Analysis: Gross Domestic Product. Retrieved March 8, 2011 from http://www.bea.gov/national/index.htm#gdp

Bureau of Labor Statistics: Unemployment. Retrieved March 8, 2011 from http://data.bls.gov/pdq/SurveyOutputServlet-data_tool=latest_numbers&series_id=LNS14

Bureau of Labor Statistics: Consumer Price Index -- all Urban Consumers (all items less food and energy). Retrieved March…

Sources Used in Documents:

Works Cited:

US Census Bureau: New housing starts. Retrieved March 8, 2011 from http://www.census.gov/const/startssa.pdf

Bureau of Economic Analysis: Gross Domestic Product. Retrieved March 8, 2011 from http://www.bea.gov/national/index.htm#gdp

Bureau of Labor Statistics: Unemployment. Retrieved March 8, 2011 from http://data.bls.gov/pdq/SurveyOutputServlet-data_tool=latest_numbers&series_id=LNS14

Bureau of Labor Statistics: Consumer Price Index -- all Urban Consumers (all items less food and energy). Retrieved March 8, 2011 from http://data.bls.gov/cgi-bin/surveymost
Financial Management Service: Monthly Treasury Statement. Retrieved March 8, 2011 from http://www.fms.treas.gov/mts/index.html


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