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The TED spread, an indicator of perceived credit risk in the general economy, increased significantly during the financial crisis. It spiked up in July 2007, remained volatile for a year, then spiked even higher in September 2008, reaching a record 4.65% on October 10, 2008.
Bill Gross makes a good point: The world has too much debt, and you cant solve a debt problem by using more debt. Gross, co-founder of Pacific Investment Management (PIMCO), wrote a gloomy ...
A recent example is the Troubled Asset Relief Program (TARP), signed into law by U.S. President George W. Bush on 3 October 2008 to provide a government bailout for many financial and non-financial institutions who speculated in high-risk financial instruments during the housing boom condemned by a 2005 story in The Economist titled "The ...
Stock price graph illustrating the 2020 stock market crash, showing a sharp drop in stock price, followed by a recovery. A stock market crash is a sudden dramatic decline of stock prices across a major cross-section of a stock market, resulting in a significant loss of paper wealth.
In finance, a stress test is an analysis or simulation designed to determine the ability of a given financial instrument or financial institution to deal with an economic crisis. Instead of doing financial projection on a "best estimate" basis, a company or its regulators may do stress testing where they look at how robust a financial ...
The collapse of cryptocurrency platform FTX has revealed the need for tighter regulations for crypto before it gets too big, warned the deputy governor of the Bank of England.
A former Post Office chairman told the Government the company risked a “management implosion” and “extremely damaging” political consequences if chief executive Nick Read did not receive a ...
Economic collapse, also called economic meltdown, is any of a broad range of poor economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death ...