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Kōrero: Business cycles

Sub-prime mortgage crisis

Video file

In this interview with John Campbell in March 2008, economist Joseph Stiglitz explains that the economic crisis in the United States, triggered by the issuing of sub-prime mortgages, was certain to have effects on the New Zealand economy. It ended a long expansionary phase in the business cycle.

Te whakamahi i tēnei tūemi

TV3

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Me pēnei te tohu i te whārang

Viv B. Hall, Business cycles – Causes and consequences of fluctuations, Te Ara – the Encyclopedia of New Zealand, https://teara.govt.nz/mi/video/24167/sub-prime-mortgage-crisis (accessed 4 June 2026).

He kōrero nā Viv B. Hall, i tāngia i te 24 February 2010.