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 financial crisis

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updated Mon. February 19, 2018

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The pension industry is already in a deep financial crisis and could well be the trigger for another global financial and economic meltdown. This has largely been overlooked. Instead, it has been common to only discuss the pension industry in terms of the problems arising from ageing populations (which is, ...
What if governments and policy authorities are unable to handle the next global financial crisis? Indeed, what if their declared strategy of "normalising" interest rates actually triggers the next GFC and leaves them powerless to respond? Rather than deal with its structural causes, the response of authorities ...

A key component of bitcoin's design might be its Achilles' heel during a financial meltdown, according to JPMorgan. In a big note on crypto and blockchain, the bank said bitcoin's decentralized network would not be able to address a liquidity shock. When such events have occurred in the US - most notably after the financial ...
According to the BofA Merrill Lynch fund manager survey for February, 70% of those polled believe the global economy is in its "late cycle," the highest such reading since January 2008, right as the financial crisis began to gather steam. The late part of an economic cycle typically coincides with the market's ...
A key ingredient for a global economic crisis is asset price bubbles and credit risk mispricing. On that score, today's financial market situation would appear to be very much more concerning than that on the eve of the September 2008 Lehman-bankruptcy. Whereas then, asset price bubbles were largely ...
A decade later, echoes of the financial crisis still linger in mortgage debt data, according to research released by the New York Fed on Tuesday. The report found that states hit hardest by the Great Recession continue to have subdued mortgage balances relative to other states that avoided the turmoil.

Local authorities in England are teetering on the edge of a financial crisis, with most planning to increase council tax from April while continuing to cut services, a survey has found. The annual finance survey from the Local government Information Unit thinktank (LGIU) comes days after Northamptonshire ...
The structural problems that led to the 2008 crisis are still here. The global economy grows ever more dependent on asset bubbles. If the global asset bubble bursts, the economy will slide into recession. Hence, when a market wobbles -- as it probably will in 2018 -- policymakers will come out to soothe ...
Economic growth has picked up in most of the world's major economies, but the legacy of the 2008 financial crisis has left scars. ... But the problem isn't simply inequality; it's that the decline in living standards has hit the lower and middle classes disproportionately hard and has done significant damage to those near the ...
Cramer: This market is seeing 'a similar version' of what sparked the 2008 financial crisis. "Mad money" host Jim Cramer explains how the market-wide sell-off is being exacerbated by obscure volatility trading vehicles. Cramer calls the current situation "a smaller version" of what sparked the 2008 financial ...
A decade after the worst financial crisis of this century, workers, investors and Pundits are trying to predict the next one. The World Economic Forum's annual meeting was no exception, with several panels devoted to sussing out the world's financial weak spots. Regardless of when the next global crisis hits, ...
In recent months, time after time, both the current administration and its allies in Congress have called into question their credibility and competence to manage the economy or handle a financial crisis if one were to occur. President Trump has repeatedly patted himself on the back for a surging stock market ...
THE Dow Jones last night plunged by more than 1,000 points in the biggest one day fall since the global financial crisis - wiping stock market gains this year. The devastating fall followed a traumatic day of financial trading that saw £27billion lost off the value of London's blue-chip stocks as fears over ...
In part you can blame the fact that inflation, a force virtually unseen since the financial crisis, has reappeared on planet Earth. It is changing .... Trump is a symptom of a deeper problem ratings agencies have been warning us all about since 2011 -- the divide between political parties. This first came up ...
Not only did it cut interest rates to zero, to ward off the worst effects of the global financial crisis, it engaged in three long bouts of money printing, pumping more than ... And while we blissfully chugged through the worst of the global financial meltdown a decade ago, our economy since has run out of puff.
It is August 1987 and the US economy is humming along. Memories of the deep recession earlier in the decade are fading fast. Tom Wolfe is about to publish The Bonfire of the Vanities, which captures perfectly Wall Street's greedy bullishness.
In her final days as chairwoman of the Federal Reserve, Janet Yellen showed her traditional chair in the central bank's boardroom to CBS correspondent Rita Braver. Janet Yellen, whose term as Federal Reserve chairwoman ended Friday, was asked in an interview that aired early Sunday whether the ...

Dow plunges 666 points -- steepest point decline since 2008 financial crisis ... While the point decline on the Dow was large, it paled in comparison with the scary days of the financial crisis. ... "If Bob Mueller is challenged in a firing, or a prelude to a firing, then you're going to have a problem," he said.
But Labour MPs lined up to criticise the government's continued award of contracts to outsourcers including Capita and accused ministers of failing to take the firm's problems seriously enough in the light of Carillion's collapse. Reeves pointed to the Capita's receipt of multiple public contracts, debt pile of ...
In time, we'll come to a reckoning with this era of Trumpian finance. Meanwhile, however, the agenda of these men (and they are all men) could lead to a financial crisis of the first order. So here's a little rundown on them: what drives them and how they are blindly taking the economy onto distinctly ...
The newfound optimism about the state of the global economy is eerily reminiscent of the lead-up to the last financial crisis, the head of Barclays has warned. "I do feel like that it is a little bit like 2006," Jes Staley told delegates at the World Economic Forum in Davos. "When we were all talking about whether ...
"If we have another financial crisis, there isn't even a plan A," with regard to what central banks would do, Rogoff told an audience during a panel entitled ... up interest rates, if they went up in the places that had a lot of debt like Italy and Japan, some emerging markets, they could have a lot of problems.".
The 0.75 percent cut showed the Fed was paying attention to what later that year would morph into the financial crisis, but did it do enough? Marketplace Morning Report host David Brancaccio spoke to Andrew Metrick, a professor of finance and management at the Yale school of Management and director ...
The global financial crisis that hit the world economy in 2007-08 has had the most intense and widespread impact in the history of the modern economy. Although India stayed relatively insulated from this crisis for the most part, growth has faltered nonetheless. While a lot has been said about the impact of ...
The research serves as a warning, of sorts, as the Trump Administration seeks to relax banking regulations introduced after the last crisis. The cycle of booms followed by deregulation, crises, and re-regulation has repeated itself over the past 300 or so years. Take the financial crisis of 1825 (pdf): ...
The average UK household spent £554.20 per week in the year to the end of last March, the highest level since before the financial crisis after adjusting for inflation, official data has shown. According to the Office for National Statistics, the figure marks a rise of £21.20 in real terms when compared with the ...
US ambassador to the UN Nikki Haley, second from right, said "she had the chance to talk with girls and women about their lives, their hopes and their dreams," when she visited an UNRWA school in June. She recently demanded a total cut in US funding for their health and education. (via facebook).
A significant number of England's 42 historic Anglican cathedrals are at "severe financial risk" and some have ineffective and under-resourced ... of practice, guidelines and church legislation, the working group acknowledged "no amount of legislation can solve the problems of dysfunctional relationships".
"It's the most serious financial crisis in UNRWA's 70-year history," said UNRWA spokesman Christopher Gunness. ... having to deal with under-funded or non-funded medical clinics and other services, "this will create a very, very serious problem and we'll do everything we can to avoid this situation to occur.
The five-member family is reeling under financial crisis facing after the bread winner of the family Sarita got injured badly in the blast. More than 600,000 rupees has already been spent for medicines alone so far, according to Sarita. "We had to take loan to arrange the amount. We have not paid hospital ...
Groups express issues with business leaders' plan to fix state's financial crisis .... I'm optimistic with the effort and determination shown by Step up Oklahoma that lawmakers can craft a solution to the state's current budget problem before the start of the regular session in February." House Democrats also ...
I love good financial problems. They're much better than bad financial problems. Yet, it's funny how quickly a good financial problem can turn on a dime (so to speak), and become a bad financial problem. The switch is usually the byproduct of overthinking mixed with greed, and a dash of unfamiliarity with ...
The fall of Lehman Brothers in September 2008 marked the peak of a financial crisis that drove two recessions in Europe and forced a long list of banks and five EUrozone countries to request bailout programmes. Ten years on, the EU is aiming to conclude a banking union to improve the resilience of its ...
The combination of loose money and fiscal austerity may have prevented a financial meltdown, but has had profound distributional effects that are only now being grappled with. While austerity programmes lowered the level of support available for those at the bottom of the income distribution, quantitative ...
... regulation can hurt investors and trigger the next financial crisis. Despite the laudable blockchain technology and the great opportunities it offers in enabling quicker transactions, numerous problems can be associated with its products - such as bitcoin and other cryptocurrencies - if regulation is delayed.
But because it fears additional hikes or larger hikes would cause a market meltdown, each time the Fed acted, it did so by the smallest sliver it could --25 .... If there is another financial crisis in 2018 or later, it will be worse than the last one because the system remains fundamentally unreformed, banks ...
"If we had to pick one year for a big unexpected crisis--the geopolitical equivalent of the 2008 financial meltdown--it feels like 2018," it further explains. Among the destabilizing factors cited is President Trump's "America First" agenda "and "the policies that flow from it." Eurasia notes they "have eroded the ...
"It will be the last major piece of regulatory reform following the financial crash of 2008," she said in a statement on Tuesday, adding that "financial and professional services firms have worked hard in recent times to implement these onerous and complex changes". It is that very complexity that caused the ...
After a record year in 2016, sales for the U.S. auto industry pulled back just a bit in 2017. And for the first time since the financial crisis, sales of cars in the U.S. declined from the prior year in 2017, totaling 17.2 million after hitting 17.85 million cars and light trucks in 2016, according to Autodata. Still, this was ...
(Global Edition) From the BBC World Service ...Today has been dubbed the "Day of the MIFIDs" in the U.K. -- when the biggest changes to European financial regulation since the financial crisis come into effect. So will it actually make investing in Europe safer for consumers? Afterwards, it's the biggest ...
2018 will bring a disastrous geopolitical event that rivals the 2008 financial crisis, says foreign policy expert Ian Bremmer ... But if we had to pick one year for a big unexpected crisis -- the geopolitical equivalent of the 2008 financial meltdown -- it feels like 2018," said Eurasia Group President Ian Bremmer ...
Dr Ioannis Oikonomou, associate professor in finance at Henley Business school who has taught many subjects to JP Morgan, Goldman Sachs and Bank of America Merrill Lynch, warned the EU has made mistakes in tackling the Greek debt crisis and the fallout has changed the landscape of the EU with ...
Put another way, policymakers often respond to problems in ways that cause more problems. Consider the response to the 2008 financial crisis. After almost a decade of unconventional monetary policies by developed countries' central banks, all 35 OECD (Organisation for Economic Co-operation and ...
The Big Six banks have paid billions of dollars in settlements for a variety of frauds committed before and since the 2007-2008 financial crisis, but that ... With trepidation that more or larger hikes would cause a market meltdown (because cheap money has lifted banks and markets over the past decade), ...
Cryptocurrencies could trigger the next financial crisis if they become a systemic risk to the financial system, according to one cryptocurrency expert. Although cryptocurrencies ... One crucial problem, said Hileman, is the lack of reliable information about the value of cryptocurrencies. The existence of "pump ...
The problem here isn't so much that Kushner is wrong. It's that even though he's right, this ... You would not think that just 10 years after a massive financial crisis the American government would be moving aggressively to dismantle prudential regulation of the banking system. But that's what they are doing ...
For one, the market does not appear at risk of another global financial crisis. The firm says the huge regulatory response to the crisis, bank deleveraging, and risk transfer to central banks have alleviated the pressures that contributed to that crash. As for the massive sell-offs in 1987 and 1998, BAML argues ...
But just because they are paid well and have money doesn't mean prospering Millennials emerged from the financial crisis unscathed. The impact of the crisis, which began 10 years ago this month, is evident in how they spend, save and manage their money, according to a new study from Merrill Edge.
It was an audacious series of deals struck at the height of the financial crisis that helped Barclays avoid going cap in hand to the government for a state bailout, unlike rivals RBS and Lloyds. Under the leadership of then chief executive John Varley, Barclays agreed £11.8bn of emergency funding in 2008 ...
At the heart of the crisis -- and its most immediate cause -- is a crushing financial squeeze, the result of a tense standoff between Hamas, the militant Islamist group that rules Gaza, .... If it does fail, Hamas will likely deflect Gazans' anger: "They'll say Israel is the problem -- 'Let's go to jihad and start a war.


 

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