Posts Tagged ‘ global financial crisis ’

Financial writer Philip Coggan traces the current global financial crisis to the 1970s when the U.S. went off the gold standard. In his book Paper Promises, Coggan says governments will have to choose whether to keep their promises to their creditors or to their citizens. » E-Mail This     » Add to Del.icio.us
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pimg style=float:right; src=http://static7.businessinsider.com/image/4f1848ceeab8ea431c000078/mohamed-a-el-erian.jpg border=0 alt=Mohamed A. El-Erian //ppMore than three years after the global financial crisis, the world still has a nasty plumbing problem. Credit pipes remain clogged, and only central banks are working to clear them. But their ability to do so is waning, posing yet another set of risks for Western economies...
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pimg style=float:right; src=http://static5.businessinsider.com/image/4a706c7e721161607a4e208a/mohamed-el-erian-pimco.jpg border=0 alt=mohamed el-erian pimco //ppTimes they are a-changing, whether we like it or not./p pIn an a href=http://www.project-syndicate.org/commentary/elerian12/English target=_blankeditorial/a published today in Project Syndicate, Mohamed El-Erian argues that the global financial crisis and the eurozone sovereign debt crisis mark the beginning of a new economic order that will shake the hierarchy...
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Reuters – The world will not see the kind of coordinated response policymakers organized during the global financial crisis in 2009 but the United States and the European Union must work closely together to overcome the current economic challenges, Treasury Secretary Timothy Geithner said on Friday.
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I keep repeating that the debate over a double dip is meaningless. Why? Because we’ve been in one long balance sheet recession this entire time. So, a good way to think about this is to think of the U.S. like a boxer. We were knocked flat on our back in 2008 and have since...
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To understand why the euro is failing and the Swiss Franc peg is a sand castle that will dissolve in a rising tide, we must start with a historical context and the crisis of global Capitalism. The recent 40th anniversary of President Nixon withdrawing the U.S. from the gold standard triggered an avalanche of...
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The latest data covering global arms sales shows that sale of arms in 2009 decreased to around $57.5 billion, over 78% of which went to developing countries. This was down from a total of just under $63 billion the year before and was the lowest since 2005. The global financial crisis has affected many...
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A small update to the global financial crisis page looks at further examples of structural adjustment-like policies for industrialized nations. This example is Iceland, which like Ireland, has had a banking crisis. However, Ireland has gone the route of publicly backing the banks? debts, thus socializing the risks. The Irish population is already bearing...
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A wave of protests has erupted throughout the Middle East and North Africa. A combination of the global financial crisis, rising costs of living, high unemployment ? especially of educated youth, frustration from decades of living under authoritarian and corrupt regimes, various document leaks revealing more details about how governments around the world are...
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A wave of protests has erupted throughout the Middle East and North Africa. A combination of the global financial crisis, rising costs of living, high unemployment ? especially of educated youth, frustration from decades of living under authoritarian and corrupt regimes, various document leaks revealing more details about how governments around the world are...
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A wave of protests has erupted throughout the Middle East and North Africa. A combination of the global financial crisis, rising costs of living, high unemployment ? especially of educated youth, frustration from decades of living under authoritarian and corrupt regimes, various document leaks revealing more details about how governments around the world are...
Read more »

AP – Federal Reserve Chairman Ben Bernanke on Friday urged countries with large trade surpluses like China to let their currencies rise in value to help prevent another global financial crisis.
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