1. Explain 4 of the 8 basic facts and what it means for our financial markets.
2. Explain the role that credit default swaps played in the financial crises.
3. Explain 4 other things that led up to the financial crises and their impact on the financial markets, housing, prices and GDP.
4. Loooking at the FED. balance sheet, discuss 3 assets that have increased significantly since the financial crises and why?
5. In your own words, explain rational expectations.