With its largest quarter - over-quarter drop since
the credit crisis began, shadow inventory fell from 3.28 million loans in the first quarter of 2013 to 2.99 million in the second quarter, a 35 % drop on an annualized basis, according to broker / dealer Compass Point Research & Trading.
The ups and downs of stocks since
the credit crisis began roiling the equity markets in 2007 haven't been kind to most stock - fund managers.
Yesterday, I read a Reuters article with the title, When Diversification Fails, which pretty much says the same thing: «since
the credit crisis began in August 2007, these alternatives fell in lockstep with, or sometimes faster than, equities, driving volatility higher and amplifying losses of a risky portfolio.»
The country's six biggest lenders reported less than $ 20 - billion in debt - related writedowns since
the credit crisis began in 2007, about 2 % of the US$ 887.1 - billion recorded by banks and brokerages worldwide.
Since the current
credit crisis began more than a year ago, we have seen credit card issuers take dramatic measures to protect themselves by sacrificing cardholders» interests.
Not exact matches
Shortly after the
credit crisis, central banks
began pouring about $ 60 billion per month into global equities.
CEO Leah Busque
credits her fiscal restraint to the company's
beginnings during the financial
crisis.
Obviously this set of scenarios — in which GDP grows on average at rates between 3 % and 6 % for ten years while
credit efficiency is improved so dramatically that in 5 - 6 years China
begins to deleverage and by the end of the period these growth rates can be maintained with no growth in
credit — is theoretically possible, but just as obviously it is highly implausible, and I can not think of any country in history that has achieved such a turnaround in its financial sector without having first experienced a brutal financial
crisis.
After earlier stints as a junior finance minister and deputy governor, he took over as Governor of the Bank of Canada seven months before the global recession really
began to bite in September 2008, and is
credited with keeping his homeland free from the worst ravages of the
crisis.
It mentioned that despite GECC improving its liquidity and capital levels since the
beginning of the most recent
credit crisis, there remains «material risks» with the firm's funding model.
(It is worth noting that both the
Credit Suisse ETN and the ProShares ETF
began trading after the 2008 financial
crisis.
For example, when the big LDI migration toward
credit started around 2008 in the aftermath of the financial
crisis, we had already
begun to position our strong resources in the
credit space to apply them in LDI and quickly help clients transition their portfolios.
As the financial
crisis waned and the emergency lending programs were wound down, the Fed chairman faced a new challenge: A recovery hobbled by tight
credit, a lackluster housing market and financial turmoil in Europe that left the unemployment rate at 9.1 percent two years after the expansion
began.
There may be a certain amount of individuals that have seen higher scores due to time passing from the
crisis, but many
began experiencing losses years after the
crisis hit and continued to have damaged
credit.
The Obama Administration
began a series of refinance lending products in 2009 after the
credit crisis and housing
crisis of 2008 and afterwards.
Wealth Daily editor Ian Cooper predicts that when Option ARM and Alt - A loans will
begin resetting, marking the second leg of the U.S.
credit crisis.
But it is worth noting that when the
credit crisis of the past several years caused private - sector lenders to
begin backing away from the student loan market, the government already found itself having to step in to fill the void and the percentage of direct loans grew considerably during the recent economic downturn.
When the
credit crisis and the mortgage meltdown
began to take hold, major firms found out the swaps made their investments far riskier than they could handle.
But bonds depend upon people who pay their interest, and in a real
credit crisis, then everybody starts to look across the street to see whether the person who owes them money has the money to pay you, and you
begin to doubt it and then the people, the institutions who are supposed to be paying interest fail.
The
Beginning of Another Wild Ride, by Tim Duy: The sheer amount of commentary over the weekend regarding US Treasury Secretary Hank Paulson's first pass at an ultimate solution to the
credit crisis is simply overwhelming.
Just when the
credit crisis was really
beginning to accelerate...
«This reverses a trend that
began in September 2008 when the mortgage
crisis drove consumer payment preferences toward paying
credit cards ahead of mortgages,» said TransUnion in a press release.
But even with the
credit crisis, Rockwell's sales volume has consolidated above pre-bubble levels before Rockwell's realism
began to be re-examined:
That was the day BNP Paribas closed withdrawals from three funds citing an inability to value them, marking the
beginning of what was to become the global
credit crisis.
«Around November - December, we
began to see the real effects of the
credit crisis because at that point corporate and real estate transactions really
began to become quiet,» said Bruce James, a managing partner of Brownstein and the firm's chief executive.
The international financial
crisis that
began in the U.S. subprime mortgage market in 2007, for example, is importantly linked to at least two of the innovative financial techniques discussed in this book: securitization and
credit default swaps.
Because traditional lenders are subject to strict government regulations — even more so since the financial
crisis that
began in 2008 — you'll most likely be unable to secure a soft loan if you have less than perfect
credit, even if you have the assets and the income to back up the amount you wish to borrow.
When the
crisis first
began, players in the net lease market — where top - notch
credit tenants pay most of the expenses associated...