When Bubbles Burst: Why Financial Markets Crash
Catalogue Number: 394433
Producer: Films Media Group
Subject: Business Studies, Current Events, Politics
Grade Level: Post Secondary, Adult
Country Of Origin: U.S.
Copyright Year: 2012
Running Time: 57
The Norwegian hamlet of Vik was nearly bankrupted in 2007 due to speculative investing in U.S. hedge funds. Why has it become so difficult for communities, companies, and individuals to protect themselves from financial volatility? This program looks at the inner workings of the global economy, examining the mechanics behind unanticipated bubbles and catastrophic crashes. Experts including best-selling author Michael Lewis (The Big Short: Inside the Doomsday Machine) and economics Nobel laureate Joseph Stiglitz give an unflinching account of the contemporary financial landscape, and Vik’s unwitting involvement in the Terra Securities scandal serves as a case study.
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