The Barefoot Investor explains the financial crisis

The Barefoot Investor explains the financial crisis

With financial uncertainty wreaking havoc in Europe and the US, Australians are understandably nervous about our economic future.  Soaring government debt in places like Greece, Ireland and the US have created a degree of panic in the stockmarket and in the global finance and currency trades.• How did US debt get so out of control? […]

By Katrina RoeThursday 11 Aug 2011Finance and BusinessReading Time: 1 minute

With financial uncertainty wreaking havoc in Europe and the US, Australians are understandably nervous about our economic future.  Soaring government debt in places like Greece, Ireland and the US have created a degree of panic in the stockmarket and in the global finance and currency trades.

• How did US debt get so out of control?
• What should the US be doing to rectify the problem?
• And how concerned should Australians be about our economic future, given our close ties to the growing Chinese economy?

Listen Now – Scott Pape, AKA the Barefoot Investor explains the current crisis in way that even non-financial people can understand