LEADER 03284nam 2200673Ia 450 001 9910782651403321 005 20230721004629.0 010 $a9786611878894 010 $a1-281-87889-8 010 $a1-84964-411-X 010 $a1-4356-9099-0 035 $a(CKB)1000000000705319 035 $a(StDuBDS)AH22933699 035 $a(SSID)ssj0000132200 035 $a(PQKBManifestationID)11937083 035 $a(PQKBTitleCode)TC0000132200 035 $a(PQKBWorkID)10028021 035 $a(PQKB)11659190 035 $a(MiAaPQ)EBC3386619 035 $a(Au-PeEL)EBL3386619 035 $a(CaPaEBR)ebr10578973 035 $a(CaONFJC)MIL187889 035 $a(OCoLC)298541214 035 $a(EXLCZ)991000000000705319 100 $a20080421d2008 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe credit crunch$b[electronic resource] $ehousing bubbles, globalisation and the worldwide economic crisis /$fGraham Turner 210 $aLondon ;$aAnn Arbor, MI $cPluto Press ;$aLondon $cIn association with GFC Economics$d2008 215 $a1 online resource (256 p.) 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a0-7453-2810-5 311 $a0-7453-2811-3 320 $aIncludes bibliographical references (p. 194-221) and index. 330 $bThis book argues that the current financial turmoil signals a crisis in globalisation that will directly challenge the free market economic model. Graham Turner shows that the housing bubbles in the West were deliberately created to mask the damage inflicted by companies shifting production abroad in an attempt to boost profits. As these bubbles burst, economic growth in many developed countries will inevitably tumble. The Japanese crisis of the 1990's shows that banks and governments may struggle to contain the fallout. The problem has not been limited to the US, UK and Europe: housing bubbles have become endemic across wide swathes of emerging market economies. As the West slides, these countries will see an implosion of their credit bubbles too, shaking their faith in the free market. Turner is an experienced and successful economic forecaster, whose opinions are sought by large international banks and top financial journalists. Drawing from his first hand experience of the Japanese property crash of the 1990's, he presents his analysis in a clear and persuasive style, showing that the end of housing market growth spells disaster for neoliberal globalisation. 517 3 $aHousing bubbles, globalisation and the worldwide economic crisis 606 $aCredit 606 $aFinancial crises 606 $aGlobalization$xEconomic aspects 606 $aPetroleum industry and trade 606 $aPetroleum reserves 615 0$aCredit. 615 0$aFinancial crises. 615 0$aGlobalization$xEconomic aspects. 615 0$aPetroleum industry and trade. 615 0$aPetroleum reserves. 676 $a338.5/42 700 $aTurner$b Graham$f1963-$01515323 712 02$aGFC Economics. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910782651403321 996 $aThe credit crunch$93857731 997 $aUNINA