Tweet 13/06/2013 11:17 AM #economics "what happens to the cash in your bank?" Audience participation going on in this lecture! #lectureweek 0 0 2013 13/06/2013
Tweet 13/06/2013 11:20 AM #economics "of all of the money that exists in the world only 10% of it is real" #lectureweek 0 0 2013 13/06/2013
Tweet 13/06/2013 11:22 AM #economics "global wealth exists because we believe it exists!" #lectureweek 0 0 2013 13/06/2013
Tweet 13/06/2013 11:27 AM #economics "the house of cards" Between 1997 and 2007?things were going really well (the NICE Decade) #lectureweek 0 0 2013 13/06/2013
Tweet 13/06/2013 11:39 AM #economics "our journey began in the USA. Sub-prime mortgages" 0 0 2013 13/06/2013
Tweet 13/06/2013 11:42 AM #economics "there was panic from savers wanting to withdraw their money. This was called contagion" #lectureweek 0 0 2013 13/06/2013
Tweet 13/06/2013 11:42 AM #economics "borrowing was crunched hence the term 'credit crunch'" #lectureweek 0 0 2013 13/06/2013
Tweet 13/06/2013 11:49 AM #economics "theory 2: the paradox of thrift - people start saving their money, not spending and people in turn earn less" #lectureweek 0 0 2013 13/06/2013
Tweet 13/06/2013 11:53 AM #economics "what if you spend more than you tax? The Govt has to borrow just like anyone else" #lectureweek 0 0 2013 13/06/2013
Tweet 13/06/2013 12:23 PM #economics "Who is responsible... Bankers? The Banks? The Media? #" 0 0 2013 13/06/2013
Tweet 13/06/2013 12:26 PM #economics "recessions are an inevitable part of the capitalist system" #lectureweek 0 0 2013 13/06/2013
Tweet 13/06/2013 12:27 PM #economics lecture has come to an end. Thank you to Mr Wingfield for a humorous and in depth take on the credit crunch. #lectureweek 0 0 2013 13/06/2013
