http://www.thepunch.com.au/author-bios/mark-crosby/ Mark Crosby joined Melbourne Business School in January 2003. He is currently an Associate Professor in the School, having recently completed a term as Associate Dean and Director of the School’s Executive MBA program. Prior to joining MBS Mark worked as an academic at the University of Melbourne, the University of New South Wales, and at the University of Toronto, and as a Research Officer at the Australian Treasury in Canberra. His academic interests are in international macroeconomics, with particular interest in policy issues in the Australian and Asian regions. Mark has acted as a consultant to the Hong Kong Monetary Authority and to the Monetary Authority of Singapore on a number of projects since 1998, and he has an ongoing Research Fellowship position at the HKMA. He also consults widely to business and government both in Australia and overseas. His most recent consultancies have examined policies for diversifying Brunei’s economy, and policy issues related to South Africa’s increasing current account deficit. Mark is also a regular contributor to the Australian Financial Review and The Age newspapers, and he is a sought after public speaker on matters relating to the macroeconomy. en Copyright 2012 The Punch penberthyd@newsltd.com.au penberthyd@newsltd.com.au Sat, 26 May 2012 20:00:49 +0000 Sat, 26 May 2012 20:00:49 +0000 Politics, opinion, world news, sports news, latest news, views, Barack Obama, Kevin Rudd, Julia Gillard, Nathan Rees, Malcolm Turnbull, Peter Garrett, Barnaby Joyce, Australian, federal politics, opinion polls, election, The Punch, thepunch, punch ExpressionEngine 1.6.7 http://blogs.law.harvard.edu/tech/rss 15 http://www.thepunch.com.au/images/punch-logo-rss.png http://www.thepunch.com.au/ 144 70 Politics, political opinion, world news, sports news and the latest news and views updated live, daily on The Punch - Australia's best conversation. Search The Punch keywords http://www.thepunch.com.au/search/ http://www.thepunch.com.au/articles/the-gfc-how-we-got-into-this-terrible-mess/ In early 2008 it seemed that the Australian economy could do no wrong. Unemployment hit a low of 3.9% in February, GDP growth was strong and the prices of our exports were growing at unprecedented rates. Profits were up and consumers were spending. The only dark cloud on the horizon was the increasingly poor performance of the US economy, which had gone into recession in November 2007, and some faraway problems in overseas banks and credit markets. Our share market had hit a few minor hurdles after peaking in November 2007, but was still close to record highs after four years of double digit growth. feedback@thepunch.com.au (Mark Crosby) Article http://www.thepunch.com.au/articles/the-gfc-how-we-got-into-this-terrible-mess/#comments http://www.thepunch.com.au/articles/the-gfc-how-we-got-into-this-terrible-mess/#item482 Sun, 28 Jun 2009 19:30:42 +0000 Mark Crosby | Author bios | The Punch