http://talkradionews.com/2008/10/causes-of-crisis/ The Talk Radio News Service is the only information news service dedicated to serving the talk radio community. Sun, 22 Nov 2009 05:46:24 -0800 http://wordpress.org/?v=2.8.6 hourly 1 http://talkradionews.com/2008/10/causes-of-crisis/comment-page-1/#comment-26267 Energy and Oil crisis | Vakotrade's Reviews Mon, 03 Nov 2008 22:11:56 +0000 http://talkradionews.com/?p=21118#comment-26267 [...] Senior Fellow at the Cato Institute Alan Reynolds found blaming the recession that is taking place worldwide on U.S. housing to be a ‘bit of a stretch’, and claimed that a spike in oil prices had a role in the crisis, pointing to nine occurrences when oil prices tripled, only to be followed by periods of recession. Reynolds expressed skepticism to a government solution. “American’s seem to get what the problem is, but because ‘everyone’ is involved, you wont hear a peep about it from the city’s establishment,” said Fitton, speaking at a Judicial Watch panel discussion on the causes of the financial crisis. “Real estate is very commodity like, and just how commodities always do well when the dollar is weak, so does real estate. And with housing making big gains upwards in nominal terms in recent years, Americans logically chased this performance and piled into the housing sector.” Read more on The Talk Radio News [...] [...] Senior Fellow at the Cato Institute Alan Reynolds found blaming the recession that is taking place worldwide on U.S. housing to be a ‘bit of a stretch’, and claimed that a spike in oil prices had a role in the crisis, pointing to nine occurrences when oil prices tripled, only to be followed by periods of recession. Reynolds expressed skepticism to a government solution. “American’s seem to get what the problem is, but because ‘everyone’ is involved, you wont hear a peep about it from the city’s establishment,” said Fitton, speaking at a Judicial Watch panel discussion on the causes of the financial crisis. “Real estate is very commodity like, and just how commodities always do well when the dollar is weak, so does real estate. And with housing making big gains upwards in nominal terms in recent years, Americans logically chased this performance and piled into the housing sector.” Read more on The Talk Radio News [...]

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