The Big Short is a great movie to explain the mortgage - securities
crisis of few years ago (i.e. people getting approved for mortgages they can not afford to pay, but which banks made money on nevertheless by bundling them together).
Not exact matches
When those prices collapsed anew a
few years later, the central bank dropped the benchmark interest rate back to its
crisis - era setting
of 0.5 per cent %.
Now, he says, the experiences
of the past
few years suggest that central banks will need more room to maneuver in future
crises.
In the absence
of decisive, quick action to tackle this slow - motion
crisis, the best - case scenario for the next
few years is that America becomes a much riskier place to do business.
Despite a mixed Friday jobs report — the US economy added only 156,000 jobs against expectations
of 175,000 — the labor market has come on strong over the past
few years after the financial
crisis.
But, combined with the economic
crisis, the past
few years have decimated the industry, says Stephen Atkinson, a BMO Capital Markets analyst, driving 70 %
of North American newsprint supply into bankruptcy.
The economy has registered one
of the strongest performances in the euro area in the last
few years — after the troubles seen during the sovereign debt
crisis.
Although a
few municipalities did default this
year, the overall volume
of defaults actually eased, deeply wounding Whitney's reputation for prescience that she'd earned during the financial
crisis.
Examples from the last
few years include the subprime mortgage
crisis; the failure
of the Peanut Corporation
of America; the 2007 pet food scandal; lead paint on children's toys in 2007; melamine - laced Chinese milk products; contaminants in the drug Heparin; and dioxin - contaminated Irish pork.
It was only a
few years later, while I was reading Charles Kindleberger's A Financial History
of Western Europe that I learned that the 1873
crisis actually «began» with a stock market crash in Vienna in May, four months before the New York markets fell, which spread to Germany, England and other countries, and the subsequent depression was perhaps the first «global» panic and depression in history.
Things look equally bleak based on metrics typically used by investors to evaluate a borrower's ability to make payments: In Asia and Latin America, companies» debt now represents roughly four
years of operating profits, up from
fewer than two
years prior to the financial
crisis of 2008.
Neutral real interest rates may well rise over the next
few years as the American economy creates jobs at a rapid rate and the effects
of the financial
crisis diminish.
Partners come back from vacation in September and deals start closing a
few months later; since the credit
crisis deferred fund - raising for most
of the past
year, November 2009 will probably end up being especially busy.
«The
crises of the last
few years have pushed monetary policy into uncharted territory,» ECB executive board member Sabine Lautenschläger remarked at a meeting organized by the Commissariat
of German Bishops.
In the last
few years we've had a housing bubble, a credit bubble, runaway government spending, soaring gas prices, a global recession, high unemployment, the risk
of a U.S. debt default, a fiscal
crisis in Europe, and the threat
of severe inflation.
We have experienced a
few bumps along the way, but our congregation would not have endured some
of the subsequent
crises or developed a sense
of common care over the past couple
of years without it.
As evangelicalism in the U.S. has been working its way through something
of an identity
crisis over the past
few years, and as many young evangelicals like myself have reconnected with the spiritual disciplines, this seems to be a recurring point
of contention, and therefore one that should be addressed.
Fifty - two
years ago, the great Reinhold Niebuhr and a
few associates launched Christianity & Crisis in order to counter what they viewed as the liberal sentimentalism
of American Protestantism, a sentimentalism that was unwilling or unable to face up to the
crises of the time, notably the threat
of Hitler and his minions.
I'm a
few years out
of my quarterlife
crisis now, having since become a wife and mom.
From those first
few pages to the very last, I found myself nodding along, scribbling in the margins, breathing «amens», and thinking to myself, now THIS is the book I wish I'd had ten
years ago, THIS is the book I'll be recommending to family, friends, and readers experiencing
crises of faith.
The shadows cast a
few years ago by the threat
of impending atomic destruction have lightened somewhat, only to be replaced in popular attention by an awareness
of ecological danger and the energy
crisis.
So to blame the «masculinity
crisis» on the
few women who have managed to ascend to significant leadership positions in the Church in recent
years, especially when men continue to dominate the field, grossly overstates the amount
of power women have over the institution and turns them into unnecessary scapegoats.
But in this case, early in the twenty - first century will come a pollution
crisis that will destroy in a
few years five sixths
of the world's population!
A
few years ago, when a variety
of liturgical changes were being introduced in their Church, many Roman Catholics suffered a severe
crisis of faith.
United has faced an injury
crisis this
year and
few of the ex-Manure players are blaming LVG's training methods for this.
This news comes a
few weeks after President John Mahama told Parliament in his state
of the nation that his government had overcome the four -
year old
crisis following a fairly stable power supply since January.
Due to the Eurozone
crisis a lot
of things which would have seemed unthinkable a
few years ago are now plausible, but even by our new 2012 standards this is just insane.
The Speaker spent a lot
of time working for Clinton in Florida, drumming up votes among the Puerto Rican expat community that has grown dramatically in the last
few years since the economic
crisis hit the territory.
Jon Cruddas, the Dagenham MP who narrowly missed out on the deputy Labour leadership last
year, said the
crisis required «radical shock treatment», adding: «The way to do that is to introduce proportional representation and a system
of fair votes to replace the current arrangement under which a
few thousand swing votes have an armlock around the body politic.»
State lawmakers are poised to leave Albany in a
few days without attempting to address one
of the state's most significant environmental
crises in
years, one in which there is now substantiated proof that hundreds
of people have a dangerous toxic chemical in their system.
At a time when hundreds
of billions
of dollars each
year veer to war rather than peaceful development, and when media attention is riveted on the U.S. financial
crises, it is hard to raise even a
few billion dollars for desperately hungry people.
Ironically, the only part
of the southern Iberian peninsula to escape the water
crisis is Gibraltar, which until a
few years ago regularly imported tanker - loads
of water.
PARIS — Higher education and research are one
of the
few budgetary bright spots on a landscape
of gloom in France, as the economic
crisis is predicted to push the country's public deficit to a record high next
year.
A
few years ago, as I continued to collect feedback on people's career experiences, I started to notice that careers have a certain rhythm, patterns in career successes and
crises, and that certain types
of crises are especially prevalent at certain career stages.
In the
few years following publication
of the 2007 scenarios, at least three major energy - market events failed to fit the world energy model: the 2008 financial
crisis; the U.S. shale - gas boom; and Germany's decision, after the Fukushima nuclear disaster, to speed up its transition to renewables.
But in the wake
of the housing
crisis, millions
of families have a recent foreclosure on their record — and some are finding ways to buy a new home in as
few as three
years.
Throw a
few chase sequences in there as well, and you start to get a real understanding
of Chandor's achievement with A Most Violent
Year: never has the
crisis of our own morality been such a thrilling ride.
by Angelo Muredda The intersection
of the financial
crisis and the North Dakota oil boom has turned Williston, ND into an unlikely mecca in the past
few years.
Statistics over the last five
years relating to increases
of bankruptcies, suicides, major depression and burn - outs [21] are self - evident, just a
few side effects resulting from the last economic
crisis.
As we've written about in the last two blogs about the budget
crisis, The Road Ahead, and Answers to your OUSD Budget Questions, OUSD has a history
of overspending in multiple departments, and has not created budgets that accurately project its spending for the last
few years.
Having felt the sting
of an oil
crisis a
few years prior and realizing that, indeed, fossil fuel is a finite entity, Americans began seriously considering (and buying) small, economical cars.
After a
few years of decreasing sales, caused by economical
crisis, Europe starts to rise again.
You could even take a
few minutes to review instances in recent
years (Brexit, the Greek debt
crisis, fears
of a slowdown in China's growth rate) when many investors were convinced a market drop would lead to a major selloff but stocks recovered.
GMAC was originally founded in 1919 and grew over the course
of time, but like many banks a
few years ago, got caught up in the financial
crisis due to loose mortgage lending standards.
During the financial
crisis a
few years back, the S&P 500 had lost over 50 %
of its value when it reached its low point.
For mortgage providers everywhere, the economic
crises of the last
few years have taken their toll.
ROE
of 16.1 % and an equity tier 1 ratio
of 10.8 % (for comparison, a bank has to have a 6 % ratio to be considered «well capitalized» in the U.S) and total capital ratio
of 13.9 % pointing to the fact the bank is well prepared for any sort
of financial
crisis like what occurred just a
few years ago.
[* Apparently, a landlord deciding not to renew a lease is now deemed an eviction by some... ** For overseas readers, it may be hard to keep up: The housing
crisis no longer refers to the huge Irish price collapse... it's now an appalling shortage
of housing, just a
few years later!?]
However, the situation has changed because the economic
crises of the past
few years have left many honest borrowers with little option, making access to funds from personal loans more difficult to get.
In the wake
of the subprime mortgage
crisis and subsequent collapse
of financial stock valuations I made a
few key observations that went against the trend
of the past
few years.