The Confidence Crisis

Through my membership in the Economic Club of Phoenix, I have access to a fabulous knowledge base aptly called Knowledge@W.P.Carey, sponsored by the W.P. Carey School of Business at Arizona State University. I always find pertinent articles related to issues that interest me. The faculty are world class and the research is respectable.

I came across an article entitled, Grappling with a Global Confidence Crisis. I think it is one of the best articles I have come across so far on how over-leveraged debt has contributed to the current financial crisis. The article explains why this crisis is global and why we are at risk of a general economic crisis. I have included a link.


http://knowledge.wpcarey.asu.edu/article.cfm?articleID=1684&post=senttoafriend&CFID=13781776&CFTOKEN=31424074&jsessionid=f0308dc7cb4682b2fc6926634af1f2c2a416