The East Asian Financial Crisis: Diagnosis, Remedies, Prospects
... Macroeconomic Fundamentals • The countries hit hardest by the crisis had all been running substantial current account deficits throughout the 1990s—as high as 10% of GDP – Other economies in the region such as Singapore, Hong Kong or Taiwan were running current account surpluses ...
... Macroeconomic Fundamentals • The countries hit hardest by the crisis had all been running substantial current account deficits throughout the 1990s—as high as 10% of GDP – Other economies in the region such as Singapore, Hong Kong or Taiwan were running current account surpluses ...
risk-taking, gambling, speculation, and a behavioral
... II followed. Each postwar decade has manifested at least one speculative bubble in the stock market. Each time, faced with new possibilities, investors convince themselves that “this time it’s really different”. Initial enthusiasm for an investment area would lead to price increases. It is in the na ...
... II followed. Each postwar decade has manifested at least one speculative bubble in the stock market. Each time, faced with new possibilities, investors convince themselves that “this time it’s really different”. Initial enthusiasm for an investment area would lead to price increases. It is in the na ...
Word
... The growth in GDP in the Czech Republic slowed significantly in 2008 (3.2%). There had already been a slight slowdown of growth in 2007 in comparison with 2006, when the highest growth rate in the analysed period from 2001 to 2008 occurred. The performance of the Czech economy in 2008 worsened at th ...
... The growth in GDP in the Czech Republic slowed significantly in 2008 (3.2%). There had already been a slight slowdown of growth in 2007 in comparison with 2006, when the highest growth rate in the analysed period from 2001 to 2008 occurred. The performance of the Czech economy in 2008 worsened at th ...
Battening Down the Hatches
... double dip. It means a second period of economic decline within a relatively short period after an earlier recession has officially been declared over. In the U.S. this would be a rare event as there has been only one such occurrence in the last 50 years (1980-1982). However, Japan experienced the f ...
... double dip. It means a second period of economic decline within a relatively short period after an earlier recession has officially been declared over. In the U.S. this would be a rare event as there has been only one such occurrence in the last 50 years (1980-1982). However, Japan experienced the f ...
Zaigham M. Rizvi, GA Presentation
... • The Region represents more than one out of four persons and one out of two poor on the planet. • Including China, Asia-Pacific represents one out every two persons on the planet • It is among the lowest in terms of Mortgage Finance • (Average Mortgage Debt to GDP Ratio 3.3) • Region is faced with ...
... • The Region represents more than one out of four persons and one out of two poor on the planet. • Including China, Asia-Pacific represents one out every two persons on the planet • It is among the lowest in terms of Mortgage Finance • (Average Mortgage Debt to GDP Ratio 3.3) • Region is faced with ...
Natural Gas Price/Supply Assessment Information Wholesale Market
... forecast for winter (warmer than normal, colder than normal) will affect the markets by sending prices down or up depending on the expected demand. Fifth, weekly natural gas storage reports from the American Gas Association also affect the market. If the current report is behind last year’s fill rat ...
... forecast for winter (warmer than normal, colder than normal) will affect the markets by sending prices down or up depending on the expected demand. Fifth, weekly natural gas storage reports from the American Gas Association also affect the market. If the current report is behind last year’s fill rat ...
Great Unwinding - International eChem
... Developments over the summer led us to conclude that this Unwinding was about to begin. Thus these 5 blog posts, beginning on 18 August, alerted clients to the changes that we now expect to see in oil markets, the value of the US$, interest rates and the S&P 500. The first post highlighted the overa ...
... Developments over the summer led us to conclude that this Unwinding was about to begin. Thus these 5 blog posts, beginning on 18 August, alerted clients to the changes that we now expect to see in oil markets, the value of the US$, interest rates and the S&P 500. The first post highlighted the overa ...
Presentation to Portland Community Leaders Portland, OR
... is still deeply depressed and recovery hopes have been dashed before, a number of indicators hint we may be turning a corner. Homebuilding is beginning to tick up. Sales are rising and inventories of unsold homes are coming down. The huge backlog of foreclosed properties is beginning to get worked o ...
... is still deeply depressed and recovery hopes have been dashed before, a number of indicators hint we may be turning a corner. Homebuilding is beginning to tick up. Sales are rising and inventories of unsold homes are coming down. The huge backlog of foreclosed properties is beginning to get worked o ...
April 2008 - International Assets Advisory, LLC
... Fed cuts remains to be seen. Right now the market only expects a .25% cut. Given all the inflationary data that the Fed now is acknowledging and how much attention it is finally getting in the common media, it is possible that there will not be a rate cut at all. As we have been saying for months, t ...
... Fed cuts remains to be seen. Right now the market only expects a .25% cut. Given all the inflationary data that the Fed now is acknowledging and how much attention it is finally getting in the common media, it is possible that there will not be a rate cut at all. As we have been saying for months, t ...
“Implications of a Credit Crunch”
... subprime 5 loans led to a liquidity crunch. While the initial trigger for the financial turbulence was related to subprime mortgages, the uncertainty surrounding ratings of complicated financial instruments caused disruptions in a variety of other assets and markets that depend on securitization – i ...
... subprime 5 loans led to a liquidity crunch. While the initial trigger for the financial turbulence was related to subprime mortgages, the uncertainty surrounding ratings of complicated financial instruments caused disruptions in a variety of other assets and markets that depend on securitization – i ...
United States housing bubble
The United States housing bubble was an economic bubble affecting many parts of the United States housing market in over half of American states. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012. On December 30, 2008, the Case-Shiller home price index reported its largest price drop in its history. The credit crisis resulting from the bursting of the housing bubble is—according to general consensus—the primary cause of the 2007–2009 recession in the United States.Increased foreclosure rates in 2006–2007 among U.S. homeowners led to a crisis in August 2008 for the subprime, Alt-A, collateralized debt obligation (CDO), mortgage, credit, hedge fund, and foreign bank markets. In October 2007, the U.S. Secretary of the Treasury called the bursting housing bubble ""the most significant risk to our economy.""Any collapse of the U.S. housing bubble has a direct impact not only on home valuations, but the nation's mortgage markets, home builders, real estate, home supply retail outlets, Wall Street hedge funds held by large institutional investors, and foreign banks, increasing the risk of a nationwide recession. Concerns about the impact of the collapsing housing and credit markets on the larger U.S. economy caused President George W. Bush and the Chairman of the Federal Reserve Ben Bernanke to announce a limited bailout of the U.S. housing market for homeowners who were unable to pay their mortgage debts.In 2008 alone, the United States government allocated over $900 billion to special loans and rescues related to the U.S. housing bubble, with over half going to Fannie Mae and Freddie Mac (both of which are government-sponsored enterprises) as well as the Federal Housing Administration. On December 24, 2009, the Treasury Department made an unprecedented announcement that it would be providing Fannie Mae and Freddie Mac unlimited financial support for the next three years despite acknowledging losses in excess of $400 billion so far. The Treasury has been criticized for encroaching on spending powers that are enumerated for Congress alone by the United States Constitution, and for violating limits imposed by the Housing and Economic Recovery Act of 2008.