Wall street Journal write-ups Essay Example | Topics and Well Written Essays - 500 words

Wall street Journal write-ups - Essay Example Mention also of subprime lending as a possible instigator. Outlining further the history of economic crisis and how such circumstances play into crisis like these. How these crisis can have multiple causes and many intricacies. In the process of moving forward to find a solution to this financial crisis, many different options are available for consideration. The need to look at a situation like an economic crisis with logic and rational thinking, rather than emotions. Social Psychologist suggestion that when in doubt, people look to believe whatever they can to get them through. The article makes reference to the issue of regulatory practices which goes with the discussion in Chapter 12 having to do with regulation and its impact. Detailed in the section â€Å"Effect of Regulation on the Actions of Employers† Pages 573-575. The discussion which Claomiris sets forth to have is quite relevant for the times. The issue of how the many different circumstances that can occur could lead to such an economic downturn for many people. It is of the utmost importance to look at the larger picture that comes with the issue of economics and how best to aid an ailing economy. To formulate such solutions without the presence of emotional bias, but rather an educated approach with a rational mind. As is the case with many things, the history of what has happened in the economy before, both at home and abroad, is something that can be quite useful to analyze and consider as Claomiris suggests in his writing. Countless economic crisis have in fact occurred over the years. Each situation being individually different, but also having a central theme that can be tied in with others to find a central path towards a solution. As there are multiple circumstances at the root of the issue, there are just as many people who have played a part. Issues with things such as the real estate market and government