I also understood that the crises were cyclical and that they are getting worse and worse, and only the intervention of the State makes it possible to avoid "the worst" (even in the USA, domain of liberalism) ... but For how much longer?
Too bad that I saw the last 30 minutes of "Bubbles, crashes and rebounds" ... Too bad that no one spoke about it on the forums before...
It is also the first time that I have heard an economist speak of "questioning our growth model" and "finite resources" ... Impressed I am!
From one crisis to another!
Falling stock markets, rising food prices, recession in the United States, rising oil prices, worry about growth in Europe ... The Western world has entered a new crisis. On the eve of the G8 meeting, explanations and analyzes in "Thema".
21h00 At the heart of the crisis
Documentary by Eve Challeton and Pierre Briançon (France, 2008, 52mn) Co-production: ARTE France, Éléphant & Cie
Has the virtual economy lost touch with the real economy? Back on the subprime crisis in the United States and its immediate consequences in Europe.
The 4 next July, the eight largest powers on the planet will meet in Japan as part of the G8. On the agenda of this strategic summit: the financial storm that strikes the global economy and the means to stop it. It all started in the US in April 2007 with the subprime crisis.
Today, many economists say: we have entered a black scenario reminiscent of 1929. The directors of this documentary have followed the daily life of the major players in the financial world to understand what motivates everyone. A real dive into the heart of financial mechanics, preparations for the G8 Christine Lagarde, Minister of Economy and Finance, the office of Dominique Strauss-Kahn, new boss of the International Monetary Fund, through the City and the setbacks traders, not to mention the headache experienced by SMEs struggling to finance themselves.
21h50 Bubbles, Crashes and Bounces
(France, 52mn) ARTE F
Director: Michel Kaptur, Author: Eli Cohen, Producer: Cineteve
In the last ten years, market regulators have managed to limit the consequences of major economic crises. And if the one we are going through was more serious?
Asian crisis, bankruptcy of the LTCM hegde fund, bursting of the Internet bubble, Enron bankruptcy and finally subprime crisis: five crises of varying duration and intensity, but five major economic crises in ten years. Each time, the global financial system has been put in jeopardy, each time a specific explanation has been put forward, each time the specter of the 1929 crisis has haunted the commentators, each time a rescue of the failing actors has been organized and each time the economy has rebounded. So much so that one comes to wonder whether the world economy has not become incredibly resilient and if, unlike 1929, our governments and regulators have not found the means to curb crises. But with the subprime crisis, traditional medicines no longer seem to work. This crisis, result of major disruptions, would it be the most serious? Do we really master the art of crisis management or are we getting closer, crisis after crisis, to the questioning of the whole system? A major question that this film explores.
22h40 Debate (France, 2008, 15mn)
Presenter: Thomas Kausch
10.07.2008 to 11: 40
Guest: Olivier Ferrand (President of Terra Nova, a French "Think Tank")
http://www.arte.tv/fr/accueil/semaine/2 ... =2008.html