The Money Meltdown

Everything you need to know about the global money crisis of 2007-?.

• 10/12/08 — Don’t watch the Dow: a primer on the “TED Spread.”

  Slate’s The Big Money explains the number that really tracks the credit crunch.

• 10/11/08 — Stories about the crisis from across America.

  American Public Media’s Marketplace goes on the road for first-person reports on the country’s financial health.

• 10/10/08 — The party’s over for Iceland, the island that tried to buy the world.

  “Almost overnight, its population became the wealthiest on Earth. Tracy McVeigh in Reykjavik finds that the credit crunch is making the cash disappear.”

• 10/9/08 — Why panic is rational when there are so many unknowns.

  “The problem, however, was that the [housing] bubble inflated inside both the old regulatory system and, simultaneously, inside a new financing system that grew up during the Bush Administration outside of all government scrutiny.”

• 10/8/08 — 10 steps to recovery.

  Nouriel Roubini, widely hailed as having predicted the current crisis, explains his opinion of the way out.

• 10/7/08 — The NYT Mag profile of the man who predicted the crisis.

  “This might be the beginning of the end of the American empire.”

• 10/6/08 — The cognitive errors that made this crisis possible.

  Megan McArdle gives an overview of some of the psychological factors that allowed the crisis to get this bad.

• 10/5/08 — “Another frightening show about the economy.”

  Alex Blumberg and Adam Davidson revisit the financial crisis in another excellent episode of This American Life.

• 10/4/08 — How the crisis affects everyone.

  The Wall Street Journal explores how the crisis translates to ordinary people.

• 10/3/08 — Wired: How to understand the financial crisis.

  Part of Wired magazine’s How-To Wiki.

• 10/2/08 — “If we don’t do this,” Mr. Bernanke said, “we may not have an economy on Monday.”

  The 36-hour birth of the financial panic.

• 10/1/08 — What the economists said last time.

  PBS’ Frontline interviewed a bunch of contemporary economists after the Asian market crash of the late ’90s.

• 9/30/08 — “Why are we talking about the Depression, anyway?”

  David Leonhardt gives a pessimistic preview of the road ahead.

• 9/29/08 — The Christian Science Monitor’s credit crisis blog.

  Daily updates focusing on the disaster.

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