Carnegie Mellon University Libraries

A Guide to Learning About

Explanations

Blogs


	Planet Money Atlanta Fed’s Commentary Baseline Scenario Econbrowser Nouriel Roubini Calculated Risk Financial Crisis and Recession Naked Capitalism Economist's View Paul Krugman Financial Times Economists' Forum Economics Roundtable - covers them all

The Recession


	What is it? Tracking the global recession Best cities to be in Comparing them, back to 1857

Credit Default Swaps


	Explained Narrated Clearinghouse data (which may be undercounted) Where they began

Housing


	Government assistance to homeowners Changes in ownership and rental costs in 100 cities

Essential news of the crisis


	from the New York Times ... - Markets Take Off as Dollar Weakens - Payback Time: Wave of Debt Payments Facing U.S. Government - October Home Sales Far Exceeded Expectations - China Asks Its Banks to Slow Down

Global headlines


	from BBC News ... - Follow the money - US retail spending bounces back - Japan's economy continues growing - Eurozone emerges from recession

Financial market bulletins


	from Marketwatch ... - U.S. existing-home sales rise 10.1% in October - Stocks leap at open, with Dow rising 135 points; gold up for 7th straight day - Senate moves health-care reform bill forward for debate - Hershey Trust calls for $17 billion bid for Cadbury: WSJ

Tutorial on finding the latest economic indicators

Try another approach: play the Economist.com's Credit Crunch game

Background

Stimulus

Citizens around the country with local knowledge about the proposed “shovel-ready” projects in their city discuss and rate those projects.

-	Text of ‘American Recovery and Reinvestment Act'
-	New York Times covers the stimulus
-	Wall Street Journal covers it
-	US Govt. "Recovery" website

BOOKS

Try using these keywords: financial crises, credit, wall street, mortgage, markets, finance, banks, subprime

-	BOOKS in Hunt Library
-	Suggested titles from university presses

Bailout

A complete list of where the money's going, from AIG to the smallest community bank

-	PPIP - Public Private Investment Program - the newest plan
-	TARP - Troubled Assets Relief Program
-	TALF - Term Asset-Backed Securities Loan Facility
-	Emergency Economic Stabilization Act
-	The Oversight Panel

Government


	Bills, statements, testimony, etc.

Podcasts


	from radio show Marketplace ... - Did Geithner do right by AIG? - Bernanke tackles price stability, jobs - Gov't loses criminal financial-crisis case - FHA may need a bailout of its own

Podcasts


	from Bloomberg News ... - Robert Pozen Discusses His Book `Too Big to Save?': Audio - Broughton, Schroeder on Berkshire's Buying Burlington (Correct) - Bhagwati, Blinder on Book `Offshoring of American Jobs': Audio - Smick Says $17 Trillion Spent to Support Global Economy: Audio

Subprime mortgages


	Research papers on subprime and default: Subprime Mortgage Lending and the Capital Markets (a history of sub-prime before it was controversial) from the Fed. Reserve Bank of San Francisco, 12/01 Subprime Outcomes: Risky Mortgages, Homeownership Experiences, and Foreclosures, from the Federal Reserve Bank of Boston, 5/08 Understanding the Subprime Mortgage Crisis from the Federal Reserve Bank of St. Louis and New York University, 8/19/08 Dynamic Map of Subprime Mortgage Conditions in the US - from the New York Fed, down to zip code level, updated monthly

This guide is a work in progress.


	Please send comments or suggested additions to Roye Werner, Business & Economics Librarian, Carnegie Mellon University, rwerner@andrew.cmu.edu. Thanks to Tepper Professors Spear, Routledge, and Hollifield for their assistance.

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