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DESCRIPTION:Institute for the Critical Study of Society \nwww.tifcss.org \n6501 
 Telegraph Ave, Oakland, CA 94609 \nSunday, May 11th,  10am-12 noon.\nThe 
 Subprime Debacle: New Problems and Dilemmas \nKarl Beitel, Ph.D\n\nThe 
 recent meltdown of subprime mortgage market has sent shock waves through 
 financial markets. Estimates of the eventual loss of wealth in the US 
 household sector from write-downs and foreclosures range from $300 billion 
 to $1.2 trillion. \nIs the crisis merely a bump on the road to a renewed 
 phase of credit-fueled growth? Or does it portending to a much deeper 
 dislocation in the finance-led model of accumulation? How will the US 
 domestic economy adjust, and what are the implications for US imperial and 
 financial power given the impact of the crisis on foreigner's confidence in 
 the dollar? Most importantly, what are the implications for the US – and 
 global – working class?  Please join us for a discussion on these and 
 related issues.  \n\n \n 
 https://www.indybay.org/newsitems/2008/04/22/18494649.php
SUMMARY:The Subprime Debacle: New Problems & Dilemmas
LOCATION:Institute for the Critical Study of Society\n6501 Telegraph Ave, Oakland, 
 CA 94609
URL:https://www.indybay.org/newsitems/2008/04/22/18494649.php
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DTEND:20080511T190000Z
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