One of my favorite stories recently was of the Professional Bull Riders unveiling their PBR Team series and establishing a franchise-based approach for their business. There are many things that I liked. First, look at the quality of property that Endeavor-owned PBR recruited and convinced to pay a $3 millionRead More →
Investors burned by Neil Woodford have been waiting for justice since the former star stock picker’s flagship fund closed in 2019. They will likely have to wait a few more years. Lawyers warn that despite claims by the city watchdog that it is nearing the end of its investigation, theRead More →
As the Federal Reserve tightens banking conditions, investors rushed out of speculative areas of the market. Many of the top-flight IT companies from the past year are listed in the United States, where stock prices have fallen dramatically, CNBC reports. Source: Twitter Global equities fell to their lowest levels inRead More →
Microsoft Corp. (NASDAQ:MSFT) made headlines this week after the company announced plans to acquire the video game publisher ActivisionBlizzard (NASDAQ:ATVI). Source: Sergey Yelagin / Shutterstock.com Microsoft CEO Satya Nadella said on Tuesday he expects the tech giant to buy the Call of Duty and candy Crush publisher for nearly $69Read More →
metamorworks/iStock via Getty Images Investment thesis Apollo Global Management, Inc. (APO) is heading for significant growth with a CAGR of 10-15% in the coming years, calculated with moderate numbers. Almost all external factors are in favor of the company with the exception of rising short-term interest rates. APO posted goodRead More →
Published on 01/22/2022 New York-based MoneyLion Inc is a fintech app founded in 2013 that went public via PSPC. When the SPAC agreement with Fusion Acquisition Corp. was announced in February 2021, the combined companies shared an expected valuation of US$2.9 billion. As of January 21, 2022, MoneyLion had aRead More →
(Stock) A Cincinnati agency can now add owner to their title. The Port of Greater Cincinnati Development Authority agreed last month to pay $14.5 million for 195 homes in Cincinnati and surrounding Hamilton County, in an effort to thwart investors and keep tenants in their homes, according to the WallRead More →
The art and science of stock market investing requires tolerance for losing money on some of the stocks you buy. But serious investors should think long and hard to avoid extreme losses. We therefore hope that those who held Clover Health Investments, Corp. (NASDAQ:CLOV) over the past year do notRead More →
Inflation is something that most consumers and investors have not had to worry about for several decades. Since the early 1990s, governments in countries like the UK and the US have managed to control the rate at which the currency depreciates and prices rise, keeping it at around 2%. WeRead More →
The United States Treasury Department announced on Friday (January 21st) that it would impose sanctions on three Lebanese individuals and ten Lebanese companies, based on accusations that they had contributed to the financing of terrorism on behalf of the Iranian regime. The new sanctions reflect long-standing recognition of the outsizedRead More →
By Newsgd.com As the Guangdong-Hong Kong-Macau Greater Bay Area (GBA) is at the forefront of China’s reform and opening-up, Standard Chartered has established its GBA center, aiming to make better use of its benefits and contribute to the region’s financial sector, Anthony Lin, Greater Bay Area Managing Director, Standard CharteredRead More →
There are few more astute communicators on Wall Street than Jamie Dimon. Unlike many of his counterparts, the New York native is ready to speak his mind and can speak clearly, delving into the vernacular so easily that he sometimes sounds more like a talk show host. of sports radioRead More →
Do-it-yourself investors should take stock of their holdings as professionals increase their bets that struggling companies have yet to fall. The number of “shorts” – bets made by hedge funds and large investors that a company’s share price will fall – has started to climb against widely held stocks inRead More →
CAMAS, Wash., January 21, 2022 /PRNewswire/ — Fisher Investments, one of the world’s largest independent, fee-based investment advisers, has been named 2021 Best Global Equity-Blend Strategy Manager by Citywire France. Citywire France rewards investment managers in specific categories accessible to French institutional investors over the past three years (to AugustRead More →
Tech stocks have seen the worst of the selloff this week, adding to what has already been a very volatile start to 2022. Through Vildana Hajric and Emily GraffeoBloomberg Posted Jan 21, 2022Jan 21, 2022 Stocks fell, capping the worst week since the outbreak of the pandemic rocked markets, withRead More →
The Covid-19 pandemic isn’t over yet, but the boom it helped create for stay-at-home stocks is fading. Netflix Inc. and Peloton Interactive Inc., two of the hottest stars of the lockdown era, both plunged on Thursday – the latest sign that investors have given up on so-called pandemic trading. NetflixRead More →
Key points to remember Bitcoin and Ethereum have once again lost key psychological supports. A sell-off in tech stocks and other risky assets appears to be behind today’s decline. Although it has acted as an inflation hedge in the past, Bitcoin now shows a higher correlation with risky assets. ShareRead More →
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LONDON, Jan 21 (Reuters) – Pandemic market darlings Netflix and Peloton each saw around a fifth of their market value wiped out on Thursday after the two said business was slowing, a sign analysts said of growing market jitters. market as to the business prospects of such enterprises. Shares ofRead More →
WisdomTree Investments (NASDAQ:WETF) will release earnings data ahead of market open Friday, January 28. Analysts expect WisdomTree Investments to post earnings of $0.09 per share for the quarter. Those interested in listening to the company’s earnings conference call can do so using this link. WisdomTree Investments (NASDAQ:WETF) last released itsRead More →
It’s a new year, with new resolutions, and several investment strategies to accomplish. However, the advent of the new year does not necessarily mean that the gains and losses of the previous year are ignored. For most of the past year, Covid-19 and inflationary pressures have been top concerns forRead More →
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The Australian Prudential Regulation Authority (APRA) seeks to protect the financial sector from crises and shocks with new loss absorption requirements and proposed planning standards. APRA Vice Chairman John Lonsdale said crisis preparedness was at the very heart of APRA’s purpose as regulator of the financial services industry. “Although AustraliaRead More →
Are financial crises more frequent? It was nearly four decades between the crash of 1929 and the bear market of 1968. Fast forward to 21st century — only 20 years have passed between three financial crises: the dot-com crash of 2001, the global financial crisis of 2008 and in 2020,Read More →
The Asian, Russian and Latin American financial crises of the 1990s again exposed the unsavory role played by the IMF, the US Treasury Department and Wall Street. While the countries concerned were primarily responsible for their misfortunes, it is a fact that the IMF and the US Treasury forced andRead More →
What role do market expectations play in financial crises? How are expectations formed and how do they evolve? Finding answers to these questions could help countries better cope with crises in the future. Some researchers have said that media coverage intensified and exacerbated risk contagion during the 1998 Asian financialRead More →
Wilson is an associate professor of political science at Indianapolis University and a public voices researcher at the OpEd project. A major crisis may have been averted, but the short-term gain will come at a much higher long-term cost. Congress recently closely avoid another government shutdown after controversial back-and-forth betweenRead More →
Historical crises are consummate teachers, and this is especially true in the financial sector, where failures are too often duplicated with often devastating consequences. international banker has compiled a series of articles focusing on many of the most impactful financial calamities, frauds and scandals of the 20and and 21st centuries,Read More →
The steep price rises and falls typical of Bitcoin can scare off newcomers to the crypto industry. However, anyone who has been following BTC for a relatively long time has become accustomed to these fluctuations – you are unlikely to fear a drop from $60,000 to $30,000,000 if you haveRead More →
New Delhi: South Asia’s reliance on state-led development hides vulnerabilities to rising levels of unsustainable debt that could lead to financial crises, the World Bank has warned. Governments in the region, including India and Pakistan, are exposed to ‘hidden debt’ risk through funding guarantees by banks and state-owned companies, asRead More →
MANILA, Philippines – The Philippines is unlikely to face a financial crisis in the next few years, but potential interest rate shocks and climate change risks could pose a serious threat to the country’s financial stability. Japan-based investment firm Nomura lists the Philippines among economies not at risk of financialRead More →
NEW DELHI: In economics, there is a widely held idea that with every boom, the seeds of future recessions are sown. We are not yet out of the raging pandemic that has upended the financial calculus of almost every country, and some analysts have started sounding the sirens of theRead More →
Often, finance and physics are seen as mutually exclusive fields, with little or no correlation. However, if you take a closer look, you can see the stark similarities between them. For each of them, I will try to address some of the material issues that have generated significant interest inRead More →
Financial crises are never quite the same. By the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending in a taxpayer bailout — in 2021 terms — of about $265 billion. In 1997-1998, the financial crises in Asia and Russia led to the near collapseRead More →
Summary Focus Financial crises wreak economic, social and political havoc. They impose significant fiscal costs, increase public debt and disrupt our societies. Designing and implementing policies that reduce the risks of a crisis occurring – as well as its costs – requires that the build-up of risks in the economyRead More →
In his memoirs of the 2008 financial crisis, former US Treasury Secretary Timothy Geithner wrote that such crises are like “earthquakes” – they “cannot be reliably predicted, so they cannot be prevented from reliably”. Former Federal Reserve Chairman Ben Bernanke ’75 seemed to share this view when he said duringRead More →
Financial crises are an endemic feature of market economies. The negative effects of these crises on national economies have generally been severe, leading to bank collapses, recessions and marked increases in the level of public debt (Reinhart and Rogoff, 2009). Invariably, this leads to governments intervening in one way orRead More →
Summary Focus Early warning indicators for financial crises are important elements for central bankers to guide macroprudential policies. One of these indicators – the deviation of the credit-to-GDP ratio from a long-term trend, in short, the credit-to-GDP spread – is very useful in this regard. Basel III therefore suggests thatRead More →
How “Stablecoins” Could Trigger Chaos October 07, 2021 Dollar pegged cryptocurrencies are proliferating rapidly. But without regulation, these so-called stablecoins pose serious risks to the US financial system, argue Gary B. Gorton of Yale SOM and his co-author. Should governments print money to survive the pandemic? March 22, 2021 CentralRead More →
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The recession caused by the COVID-19 pandemic was a stark change from the economic stability of the past decade. Yet many financial companies continue to find ways to connect with customers and meet their needs. In one recent webinar with the Financial Communications Society, Jaime Kalfus, Head of Global BrandRead More →
The current health crisis, with its long-term repercussions on the political structure of countries, offers new avenues for researchers to understand how political systems interact with financial players. The topic was recently discussed at the inaugural London Workshop on Political Finance (POLFIN), which reached an international audience of over 200Read More →
President and Owner at McKay Advertising + ActivationFlorida’s premier digital media agency Getty The immediate response of comparing this financial crisis of 2020 to the financial crisis of 2008 is a natural reaction. Human psychology shows our need to develop a baseline of what we have experienced. Some of theRead More →
A well-documented predictor of financial crises are credit booms and capital flows. Indeed, many banking and current account crises (sudden stops) have been preceded by an unusual expansion of domestic and/or external credit (see for example Reinhart and Reinhart 2008, Forbes and Warncock 2012, Schularick and Taylor 2012, Mendoza andRead More →
Focus Growth and productivity are consistently weak following financial crises. This article examines how financial crises affect innovation. Patents are an important measure of the type of innovative activity that can lead to productivity gains. We study patent data from a large sample of countries and financial crises and examineRead More →
WikiImages /Pixabay The recent turmoil in global stock markets amid the coronavirus outbreak has left investors panicked and worried. The S&P 500 index has fallen more than 12% in the past two weeks. It’s nothing compared to what we (and our ancestors) have seen in the past. Here we examineRead More →
It is no surprise that governments, policy makers, analysts and market participants spend considerable time and energy trying to predict the possible causes of the next crisis and then try to prevent them. Financial crises are very costly, as became evident in the aftermath of the Global Financial Crisis (GFC)Read More →
By Roberta Kwok The financial crisis of 2007-2008 took economists by surprise. Prior to this, the United States had not experienced a major crisis since the Great Depression. “There was this rash assumption that we wouldn’t have one,” says Gary Gorton, finance professor in the Frederick Frank Class of 1954Read More →
Two business professors have come up with an ingenious way to measure the likelihood of a financial crisis by looking at an entire economy as if it were a failing bank. Their analysis is based on RISK (pdf) an analytical tool designed to assess the strength of financial institutions duringRead More →
Credit: public domain CC0 Greater uncertainty in financial markets has a direct impact on people’s life satisfaction. Although this statement may seem obvious, it has now been scientifically proven in an empirical analysis of recent developments in the crisis in European countries. The study was led by Assistant Professor LenaRead More →
Financial crises play a key role in changing existing policies regarding markets and financial institutions. Orkun Saka, Nauro Campos, Paul De Grauwe, Yuemei Ji and Angelo Martelli provide further evidence of the negative impact of financial crises on the process of financial liberalisation. They also show that these interventions areRead More →
Key points • A Minsky cycle is the gradual accumulation of excess debt, which inflates asset prices.• This is followed by a stock market crash, which deflates them as debt is reduced• A Minsky moment is when the crash occurs• Most analysts do not see a Minsky moment in aRead More →
The people hardest hit by a financial crisis are often those unrelated to its cause: millions of hard-working, pay-to-pay Americans. If we understand financial crises better, I hope we can completely avoid or reduce the damage they cause – damage that persisted for years after the 2008 crisis that profoundlyRead More →
We learned this month that the US Federal Reserve decided not to raise the countercyclical capital buffer required of banks above its current level of zero, even as the US economy is at a cyclical peak. It also removed “qualitative” ratings from its stress tests for US banks, but notRead More →
ABSTRACT In OECD countries, over the period 1980-2017, countries with lower debt-to-GDP ratios responded to financial difficulties with much more expansionary fiscal policy and suffered much less severe consequences. Two lines of evidence suggest that the relationship between debt ratio and policy response is determined in part by sovereign marketRead More →
I wanted to be a journalist from an early age – the age when most of my (male) contemporaries there in West Wimbledon had their sights set on becoming footballers or motor racing drivers. At Wimbledon College I produced an underground (handwritten) newspaper and tried undergraduate journalism at Cambridge inRead More →
After a severe financial crisis, it is common to see an increase in political polarization and the popularity of populist parties, especially far-right ones. We have seen this decade after decade, and it is clearly happening now around the world. Just look at the Law and Justice Party in Poland,Read More →
According to the United States Commission of Inquiry into the Financial Crisis, the main causes of the 2007-2009 financial crisis were failures in corporate governance and policies, including widespread failures in financial regulation and supervision, lack of transparency, poor government preparedness, and systemic failure of accountability. The Commission concluded thatRead More →
The world took an important step to avert future financial meltdowns on Thursday, just as the United States under President Trump begins to loosen constraints on risky behavior by banks. A group of central bank governors and global banking regulators, meeting in Frankfurt, signed the final chapter of a bankingRead More →
Financial crises are happening more frequently, becoming almost an inescapable part of modern life, according to research by Deutsche Bank. While meltdowns remain difficult to predict in advance, the next panic is almost certainly brewing, and it could well be driven by the world’s major central banks. The German bank’sRead More →
Until the eve of the crisis of 1929, the worst that America had ever known, everything was rosy. Cars and construction flourished in the 1920s, and strong jobs in both industries helped raise wages and consumption. Ford was making 9,000 of its Model T cars a day, and spending onRead More →
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The 21st century has proven economically as tumultuous as the previous two centuries. This period saw multiple financial crises hit nations, regions and, in the case of the Great Recession, the entire global economy. All financial crises share certain characteristics, but each tells its own unique story with its ownRead More →
According to a set of German economists, a series of surprising political victories for those who adopt right-wing policies can partly be understood as a reaction to the recent financial crisis. “The data shows us that’s the trend – voters are going more to the right than to the leftRead More →
This week “The Economist explains” is dedicated to the economy. For each of the six days until Saturday, this blog will post a short explainer on a seminal idea. In a narrow sense, the global financial crisis of 2008 was unprecedented. It was the result of a series of problemsRead More →
In the first wave of post-2008 elections, in Europe and elsewhere, voters’ verdict on their governments – whether left or right – was more or less the same: things went wrong under your watch, so go ahead. But now we can see a familiar historical trend emerging, particularly in Europe.Read More →
Adam Smith wrote of the “invisible hand”, whereby the pursuit of the self-interest of individuals in free and competitive markets advances the interest of society as a whole. And Smith was right: free markets have generated unprecedented prosperity for individuals and societies. But, because we can be manipulated or trickedRead More →
SAN FRANCISCO (MarketWatch) – The next financial crisis will be caused by listening to people trying to game the system to make a quick buck. It’s always been that way, from the Panic of 1785, when investors extended too much credit after the revolution, to the run on Knickerbocker TrustRead More →
by Richard Wolff Centre-right governments in Britain and Germany do. The same goes for centre-left governments in France and Italy. Obama and the Republicans do it too. They are all imposing “austerity” programs on their economies as needed to get out of the crisis that has afflicted them all sinceRead More →