With the 2008 financial crisis is still fresh in the mind of many investors, it would appear that the world is setting itself up for another collapse. However, this time it could be much worse.
A seven-year high
One of the root causes of the last financial crisis, was the use and availability of collateralised [...]
WE LIVE in a world riddled with black swan fatigue, and this piece does not propose to add to it. Still, the recent financial crisis and its continuing implications have invited hyperbolic comparisons, most notably with the 1930s. That decade is seared in cultural memory as the Great Depression – a traumatic time of economic [...]
We’re relearning an old lesson: History, culture, geography, religion and pride often trump economics. The nation-state remains, reminds Harvard political scientist Jeffry Frieden, author of “Global Capitalism: Its Fall and Rise in the Twentieth Century.” It defines its interests on its terms. Putin, not illogically, sees Russia threatened on its borders by an American-led coalition [...]
Causing concern both at home and abroad, the Chinese company Zhejiang Xingrun Real Estate recently collapsed under the weight of 3.5 billion yuan ($566.6 million) of debt.
The announcement comes just one week after China’s first onshore bond market default in over a decade, which investors already suggested might be the country’s [...]
The scars are still raw five years after one of the worst financial crises in modern memory came to an end. Ever since the Dow Jones Industrial Average (DJINDICES: ^DJI) bottomed out in 2009, investors have been bombarded by warnings and predictions of imminent collapse from every corner of the punditsphere, and millions have listened, [...]
The growing problems in the Chinese banking system could spill over into a wider financial crisis, one of the most respected analysts of China’s lenders has warned.
Charlene Chu, a former senior analyst at Fitch in Beijing and now the head of Asian research at Autonomous Research, said the rapid expansion of foreign-currency borrowing meant [...]
Queues in the City, banks raising cash in a hurry from the authorities and a rush to obtain gold – sounds like September and October 2008?
No, this was late July and early August 1914. Even before a shot had been fired by a British soldier, markets were gripped by fears of the [...]
Not much has changed in the EU since the financial crisis, the festering economic disaster that has been kept from the headlines as the US Fed and the ECB printed money as fast as they can, is set to make a return to the spotlight.
As many economists including myself have said, printing money just [...]
The mounting diplomatic crisis in the last week of July 1914 triggered a major financial crisis in London, the world’s foremost international centre, and around the world. In fact, it was the City’s gravest-ever financial crisis featuring a comprehensive breakdown of its financial markets. But it is virtually unknown. The reason is straightforward: it is [...]
China and India are at risk of a sudden slowdown as there is no precedent for their high growth rates being sustained. This conclusion, reported in today’s Australian newspaper, is the result of an influential Harvard study by President Barack Obama’s former chief economic adviser Larry Summers and his colleague Lant Pritchett.
The study found [...]