When Bubbles Burst. Why Financial Markets Crash

Description

The Norwegian hamlet of Vik was nearly bankrupted in 2007 due to speculative investing in U.S. hedge funds. Why has it become so difficult for communities, companies, and individuals to protect themselves from financial volatility? This program looks at the inner workings of the global economy, examining the mechanics behind unanticipated bubbles and catastrophic crashes. Experts including best-selling author Michael Lewis (The Big Short: Inside the Doomsday Machine) and economics Nobel laureate Joseph Stiglitz give an unflinching account of the contemporary financial landscape, and Vik's unwitting involvement in the Terra Securities scandal serves as a case study.

Runtime

57 min

Subjects

Genre

Date of Publication

[2013], c2012

Database

Films on Demand

Direct Link