Here is a great article I heard about at my economics conference today at SCSU. This may help my regular economics class students with their paper regarding the housing crisis.
The economist I am listening to today, Rich MacDonald, from SCSU, is on the Minnesota State Board of Economists, and has a quite dire prediction for the US economy in 2009. In his eyes, the recession will last until at least 2010.
Here is another description about the Credit Crisis, a powerpoint in PDF format.