Figure 5
![U.S. Quarterly GDP Growth Rate (all data from BEA, Farm Bureau Calculations) [18].](publication/373896570/figure/fig3/AS:11431281198417255@1697313795246/US-Quarterly-GDP-Growth-Rate-all-data-from-BEA-Farm-Bureau-Calculations-18.png)
Source publication
![Figure 9: Change in Oil Price vs. CPI [21].](publication/373896570/figure/fig4/AS:11431281198471771@1697313795351/Change-in-Oil-Price-vs-CPI-21_Q320.jpg)
During the 2008 financial crisis, many investment and commercial banks were hit hard. The primary reasons that caused the financial crisis were the abuse of mortgage securitization and the housing bubble. In this paper, our group mainly focused on the potential issue of the mortgage securitization structure and the impact that the abuse of securiti...
Contexts in source publication
Context 1
... securitized products had provided considerable benefits to both borrowers and lenders, credit condition has also significantly improved. Together with the rate cuts implemented by the Fed since the 2002 recession, the US enjoyed positive quarterly GDP growth before the start of the GFC (Global Financial Crisis) in 2008 ( Figure 5). The reason for the GDP growth can be explained by the monetary theory we learned in class (Figure 3). ...
Context 2
... we can see that after the unemployment rate reached a high point in mid-2003, it decreased continuously (Figure 4). And based on the data from the Bureau of Labor Statistics from 2005, the Professional and business services segment had the highest employment change, which was 1145k, and the Construction and Financial activities segment also saw an increase of 662k and 220k new employment ( Figure 5) which shows that the improvement of the employment condition was broad-based. [20]. ...
