Tuesday, August 24, 2010

Parallels between the 1997 Financial Crisis and Now Re Economic Fundamentals

How are things in terms of economic fundamentals similar or different between the 1997 financial crisis and now?

Some economic indicators to consider in assessing similarities and differences:

NPL ratio
Debt burdens (debt to GDP ratio, private sector and household debt levels)
Unemployment rates
Temporary worker increase statistics
Manufacturing job growth rate
Middle class income statistics
Trade surplus/deficit by industry and country
Foreign shareholder increase statistics
Housing price index
Wage Gap between CEO and lower workers

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