Event: The Credit Crunch

Graham Turner in conversation with economics editor for The Guardian Larry Elliot

Thursday, September 11, 2008, 6:30pm - 8:00pm
Waterstone's, 82 Gower St

Something else for your diary. I will review this book and raise some questions concerning the credit crunch and global economy post event. For now here is a brief outline of book and event for any body interested to check it out or come along:

This book argues that the current financial turmoil signals a crisis in globalisation that will directly challenge the free market economic model. Graham Turner claims to show that the housing bubbles in the West were deliberately created to mask the damage inflicted by companies shifting production abroad in an attempt to boost profits. As these bubbles burst, economic growth in many developed countries will inevitably tumble he says. The Japanese crisis of the 1990s shows that banks and governments may struggle to contain the fallout he argues, stating that the problem has not been limited to the US, UK and Europe but that housing bubbles have become endemic across wide swathes of emerging market economies. As the West slides, Elliot says, these countries will see an implosion of their credit bubbles too, shaking their faith in the free market.

Turner is an economic forecaster, who founded and runs an independent financial and economic consultancy - GFC Economics (See link below).

Graham will be discussing and signing his new book with Larry Elliot of The Guardian

Tickets £2 redeemable against the price of the book

Links:

Book
http://www.plutobooks.com/cgi-local/nplutobrows.pl?chkisbn=9780745328102&main=

GFC Economics
http://www.gfceconomics.com/index.html