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 [...]
Fiscal Folly: A new study says governments around the world boosted their debts by more than 40% to over $100 trillion in response to the global financial crisis. Where’s the promised recovery from all that spending?
From mid-2007 to last summer, the world added $30 trillion in government debt to its balance sheets, the Bank [...]
Was the global financial crisis triggered on purpose?
Since infamous “Black Thursday” of 24th October, 1929 which led to the Great Depression of the 1930s one knows the far-reaching consequences a stock market crash can have. Today, it is claimed more and more often that the economic breakdown of the 1930s was caused by the [...]
”If productivity does not improve in 2014, then it is more than likely that the crisis has done permanent damage to the economy, and the 7 per cent unemployment threshold will be reached more quickly than the bank currently expects.”
The Office for Budget Responsibility’s Economic and Fiscal Outlook, released this month, says productivity growth [...]
Five years after the collapse of Lehman Brothers, economists are warning the worst fallout from the global financial crisis is yet to hit Europe and parts of Asia.
He says the economy – and broader society – is yet to recover from the Lehman Brothers collapse.
“Never before in history have we had this [...]
The Swiss-based ‘bank of central banks’ says a hunt for yield is luring investors en masse into high-risk instruments, “a phenomenon reminiscent of exuberance prior to the global financial crisis”.
This is happening just as the US Federal Reserve prepares to wind down stimulus and starts to drain dollar liquidity from global markets, an inflexion [...]
SPIEGEL: Ms. Ghosh, when the global financial crisis broke out in 2008, the demise of the West seemed to be sealed. Now, however, China is suffering from a banking crisis, and in India the situation is even more dramatic. Economic growth has almost halved, and panicking investors [...]
In a society composed of elites commanding the economy with people acting as bricks and materialism acting as mortar, what holds it together when things start faltering? What happens to materialism in a faltering economy?
First, let us see how China is starting to falter:
The Politics of a Slowing China by Minxin Pei – [...]
“The global financial crisis that began in the United States in the summer of 2007 was triggered by a bank run, just like those of 1837, 1857, 1873, 1893, 1907 and 1933.” That’s the theme of Yale economist Gary Gorton’s Misunderstanding Financial Crises, Why We Don’t See Them Coming, published last year [...]
The overhang of debt in Europe and the US has made recovery from the global financial crisis particularly tenuous.
Is there a dramatic and simple way out of all this? Some argue that there is: a “debt jubilee”. Drawn from the Old Testament book of Deuteronomy, the concept derives from the biblical injunction [...]