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Tag Archives: great financial crisis
The Global Economy Is a Time Bomb Waiting to Explode
The Global Economy Is a Time Bomb Waiting to Explode In the aftermath of the greatest financial calamity since the Great Depression, then–chief of staff for the Obama administration Rahm Emanuel made the call for aggressive action to prevent a recurrence of the meltdown of 2008. Although the U.S. government’s system of checks and balances […]
A Survival Guide For 2019
A Survival Guide For 2019 How to safely navigate the ‘Year Of Instability’ As the first month of the year concludes, it’s becoming clear that 2019 will be a very different kind of year. The near-decade of ‘recovery’ following the Great Financial Crisis enjoyed a stability and tranquility that suddenly evaporated at the end of […]
Subprime Rises: Credit Card Delinquencies Blow Through Financial-Crisis Peak at the 4,705 Smaller US Banks
Subprime Rises: Credit Card Delinquencies Blow Through Financial-Crisis Peak at the 4,705 Smaller US Banks So what’s going on here? In the third quarter, the “delinquency rate” on credit-card loan balances at commercial banks other than the largest 100 banks – so the delinquency rate at the 4,705 smaller banks in the US – spiked […]
The Primacy Of Income
The Primacy Of Income The Era Of Gains is over Ever since the central banks became serial bubble blowers twenty years ago, household wealth has mostly been driven by asset price inflation: But this has been a quixotic pursuit. Created by pulling tomorrow’s prosperity into today, these asset price bubbles are unsustainable, and invariably suffer […]
Bubble-Watcher, Bob Shiller Warns “We’re Primed To Repeat 2008” As Housing Momentum Slows
Bubble-Watcher, Bob Shiller Warns “We’re Primed To Repeat 2008” As Housing Momentum Slows The US housing market is anything but healthy and even most bullish of realtors (especially since “it is difficult to get a man to understand something, when his salary depends upon his not understanding it”) is admitting that all is not well. […]
Nassim Taleb Explains How The Global Economy Is More Fragile Today Than In 2007
Nassim Taleb Explains How The Global Economy Is More Fragile Today Than In 2007 In what was incredibly appropriate timing given the ‘shocktober’ market blowup, Bloomberg News invited “Black Swan” author Nassim Taleb to its set on Halloween for a discussion about the increasingly fragile market ecosystem in which we all reside, and the mounting […]
26 Experts Weigh in On How and When the Next Financial Crisis Will Happen
26 Experts Weigh in On How and When the Next Financial Crisis Will Happen Focus Economics solicited opinions from 26 economic writers on the next financial crisis. I was one of them. Looking for opinions on the next financial crisis? FocusEconomics asked 26 people How and When Will the Next Financial Crisis Happen? Here’s a […]
Where The Next Financial Crisis Begins
Where The Next Financial Crisis Begins We are not sure of how the next financial crisis will exactly unfold but reasonably confident it will have its roots in the following analysis. Maybe it has already begun. The U.S. Treasury market is the center of the financial universe and the 10-year yield is the most important price […]
Eight Reasons a Financial Crisis is Coming
Eight Reasons a Financial Crisis is Coming It’s been about 10 years since the last financial crisis. FocusEconomics wants to know if another one is due. The short answer is yes. In the last 10 years not a single fundamental economic flaw has been fixed in the US, Europe, Japan, or China. The Fed was […]
Blain: “We Are Finally Approaching The End Phase Of The 2008 Global Financial Crisis”
Blain: “We Are Finally Approaching The End Phase Of The 2008 Global Financial Crisis” Blain’s Morning Porridge, Submitted by Bill Blain “I found Rome a City of Bricks and left it a City of Marble.” In the Headlights this morning – see www.morningporridge.com for some of the stories I’m watching: Debt Leverage: Interesting quote I […]
It’s the Banks Again
It’s the Banks Again US bank stock index down 17% from January. EU bank stocks crushed, crushed, crushed since Financial Crisis. Monday early afternoon, the US KBW Bank index, which tracks large US banks and serves as a benchmark for the banking sector, is down 2.5% at the moment. It has dropped 17% from its […]
A Global People’s Bailout for the Coming Crash
A Global People’s Bailout for the Coming Crash When the global financial crisis resurfaces, we the people will have to fill the vacuum in political leadership. It will call for a monumental mobilisation of citizens from below, focused on a single and unifying demand for a people’s bailout across the world. *** A full decade […]
World economy at risk of another financial crash, says IMF
World economy at risk of another financial crash, says IMF Debt is above 2008 level and failure to reform banking system could trigger crisis The floor of the New York stock exchange in September 2008. Photograph: Richard Drew/AP The world economy is at risk of another financial meltdown, following the failure of governments and regulators […]
Weekly Commentary: Portending an Interesting Q4
Weekly Commentary: Portending an Interesting Q4 “Those who do not learn history are doomed to repeat it.” I’ll add that those that learn the wrong lessons from Bubbles are doomed to face greater future peril. The ten-year anniversary of the financial crisis has generated interesting discussion, interviews and scores of articles. I can’t help but […]
How the Crisis Caused a Pension Train Wreck
How the Crisis Caused a Pension Train Wreck We’ve been writing for some time that one of the consequences of the protracted super-low interest rate regime of the post crisis era was to create a world of hurt for savers, particularly long-term savers like pension funds, life insurers and retirees. Even though the widespread underfunding […]
