On July 20, the Broad Group broke ground on Sky City on the outskirts of the south-central city of Changsha. The skyscraper will rise 838 meters (2,749 feet) into the heavens to become the world’s tallest building. If that weren’t feat enough, the [...]
This fall will mark the five-year anniversary of Lehman Brothers filing for bankruptcy, sparking the biggest financial crisis since the Great Depression. When the anniversary hits, many legal experts agree, any chance federal prosecutors will have had to hold Wall Street accountable will have come and gone with the passing of the statute [...]
Peter Lee: We are about to enter this convergence period, and we suspect in the second half of this year and into 2014 we will see a great deal of major movements in these financial markets. The charts below go back to the Great Depression when we had [...]
The author notes a 76-year repeating cycle in America with the most current cycle nearing an end. Generally, there is a build up of tension that gets released after 76 years, and the cycle starts all over again after a crash. So there are real reasons for these cycles – not just an alignment of [...]
The greatest lesson of Pearl Harbor is that the unthinkable can suddenly become thinkable. Better to be prepared than sorry. 9/11 reminds us of this lesson.
From the article:
Perhaps the greatest lesson of Pearl Harbor is that nothing is impossible for the American people.
The most amazing transformation in American history may be the [...]
“The impact of the global financial crisis and the European sovereign debt crisis on the world is continuously deepening,” Wen said during a meeting with Merkel.
“As important economies and strategic partners, China and Germany should make consistent efforts on promoting the confidence of the international community, joining together in dealing with challenges and creating [...]
The 2008 Financial Crisis nearly destroyed the world financial system and consequently the global economy. As the U.S. housing market collapsed numerous institutions struggled to cover bad bets they made via the derivatives market. Massive insurer American International Group, Inc. (NYSE:AIG) had to be bailed out by the US government. Lehman Brothers went bankrupt. Bear Stearns [...]
We seem to be heading towards an economic downturn equivalent to the Great Depression of the 1930s.
The Philippines accused China of further ratcheting up tensions in a disputed portion of the South China Sea after it said dozens of Chinese vessels had been deployed there in recent days, despite a fishing moratorium.
The Philippine Department of Foreign Affairs said on Wednesday it had expressed “grave concern” this week to the Chinese [...]
The Yale economics professor, who helped devise the Case-Shiller index for housing market trends, and famously called the dotcom bubble of the early 2000s and the housing market bubble later in the decade, told “Squawk Box Europe” that the world is in a “new age of austerity.”
“Our whole economy has been affected [...]