Dubai debt shock has sent a ripple effect across the world, igniting fresh concerns over the viability of the global economy. European and Asian stock markets took a heavy pounding, losses led by shares of construction and financial, two sectors with considerable exposure to the UAE city’s rapid expansion and investment in infrastructure and property. [...]
Also tagged financial crisisIs a stronger Japanese yen good for its economy? Or is it too strong to drag the already-desperate export sector to hell?
The recent strong movement of yen has casted a spotlight on the monetary stance of the Japanese government. Well… to me, there is no definite answer to these questions and it is really up [...]
Here’s an article that provides a lesson or two about the financial crisis, depicting what’s wrong or right regarding conventional concepts of equity and housing investments. The most important one that should be noted is that housing prices DO slide down, and stocks, even investing them in the long-term, are not bullet-proof against any kind [...]
Also tagged financial crisis, usThe latest data show that the US housing sector is showing signs of recovery after years of dismal performances. This is actually good news for the US as well as the rest of the world, which is waiting for the world’s largest consumer economy to get back on its feet. However, the real economic indicator [...]
Also tagged usHere’s an interesting article about the US history of banking. This can be seen as a short version of his famous book, “An Empire of Wealth,” which explains in a historical detail why global crisis keeps repeating over the years, and how it became part of an economic cycle to this day. – Park Hyongki
Also tagged history, usA year has passed since Lehman filed for chapter 11 bankruptcy that sent ripple effects across global financial markets. Korea, back then, (as I remember) breathe a sigh of relief for dodging a bullet as its state-run bank failed to forge a takeover deal of Lehman. Experts note in this article that little has changed [...]
Also tagged usOn Sept. 15, 2008, Lehman filed for chapter 11, signaling the climax of the whole sub-prime crisis and global economic downturn.
After one year, has anything in the finance industry been changed? The New York Times report shed some lights on this issue: yes, employment in the industry has dropped (by a mere 8%); yes, some [...]
The Economist had a great article in July about the shambles of economic theory in the wake of the global financial crisis. If we are to take the subject of economics seriously then it has to tells us something either about the future, or about the implications of policies we may choose. Current macroeconomics seems [...]
Also tagged macroeconomics, theory