Then, beginning in the summer of 2007, Planet Finance began to self-destruct in what the International Monetary Fund soon acknowledged to be “the largest financial shock since the Great Depression.” Did the crisis of 2007–8 happen because American companies had gotten worse at designing new products? Had the pace of technological innovation or productivity growth [...]
1913 Intel
International Conflict, Western World Threats and Geopolitical Intelligence
The Death of Planet Finance
Posted by Matt in November 13th, 2008 | no comment
Published in Financial, American Century, Credit Markets, Decline And Fall, Decline And Fall Of The Roman Empire, Economic Uncertainty, Edward Gibbon, Empire Rome, Fall Of The Roman Empire, Financial Crisis, Financial Shock, Great Depression, Housing Loan, International Monetary Fund, Niall-Ferguson, Obscure Species, Planet Finance, Productivity Growth, Proximate Cause, Self Destruct, Subprime Mortgages, Technological Innovation
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