Gordon Cheung is a contemporary artist whose work captures the mood of
the global collapse of civilization — or a dystopian, prophetic vision of it — where moral, economic and environmental crises have spun out of control.
This prediction called for a financial scandal like the MF
Global collapse of 2011.
When four outsiders saw what the big banks, media and government refused to,
the global collapse of the economy, they had an idea: The Big Short.
While the challenges may be greater than ever, at least now our oceans are getting some long - overdue attention; only time will tell if we took action in time to stave off
a global collapse of marine ecosystems.
That's led to
a global collapse of many fisheries, such as cod in the North Atlantic.
[4] Is it possible that the current
global collapse of confidence in our financial institutions could help people clutch their way back to a different sense of values and to the commitment of self which underlies any firm investment in their own happiness?
Not exact matches
But now, in this lacuna between the descent
of the greenback, the
collapse of the euro and the rise
of the yuan, Canada has a moment to be the darling
of global currency.
The
collapse of global financial system in 2008 wrecked that fantasy.
That would prevent a default that would clog the
global river
of credit — much like the
collapse of Lehman Brothers in 2008 — sparking another financial markets meltdown.
Take the case
of Lehman Brothers, the financial services firm that
collapsed in 2008 and played a big role in the
global economic downturn.
Global trade almost completely
collapsed and the tariff was likely responsible for about half
of the free fall.
And if the
global economy truly is as screwed as some believe — like Kyle Bass, for example, a Dallas fund manager Lewis encounters who predicted the sub-prime mortgage disaster and who has since bought an isolated ranch with its own water supply and an arsenal
of weaponry, betting on severe economic
collapse — then you're probably better off saving your nickels.
«I don't think we're looking at a
global economic
collapse anymore,» says Mintz, who works in administration at the College
of Registered Nurses
of Manitoba, «and the Canadian economy will recover next year.»
But at a time when the public sector has made a major resurgence in the
global economy in the wake
of the economic
collapse, Barton feels McKinsey is still «looking through a keyhole» at public - sector issues.
The digital currency movement achieved liftoff at a moment when the
global financial system appeared to be on the verge
of collapse.
Lehman Brothers
collapsed in the fall
of 2008 amid the
global financial crisis and Great Recession.
With the
collapse of global oil prices, the largest recyclers like Waste Management have reported sharp drops in recycling revenue and stagnated recycling rates across the country.
Remember subprime loans, the thing that brought the
global financial system to the brink
of collapse a decade ago?
Russian markets, in recovery mode following a deep recession after the
global oil price
collapse in 2015, have been ravaged since Friday over fears
of U.S. sanctions.
But unlike the 2011 rout, sparked by the eurozone debt crisis, the sudden
collapse of global equities markets that began last week is all about China — which makes it all the more unnerving since few have a good grasp on how the world's most important emerging economy actually works.
Many books have already been written about the structural problems which were the foundation for a near
collapse of the
global financial system.
In a quiet acknowledgment
of these facts, the governor
of the Bank
of Canada, Mark Carney, was appointed as the new chief
of the Financial Stability Board, a group
of top fiscal experts trying to keep the
global house
of cards from
collapsing.
He also recaps his highly profitable call on the
collapse of the housing market back in 2006, and warns that the ongoing easy money - fueled five - year plus rally in
global financial markets could «end very badly.»
As the
global economy deteriorated in 2008, the
collapse in virtually all asset prices led to the unwinding
of the yen carry trade, leading to it surging as much as 29 percent against the yen in 2008, and 19 percent versus the US dollar by February 2009.
The 2008 - 2009 oil price
collapse was part
of an overall crash
of the entire
global economy.
The agency, the Commodity Futures Trading Commission, which sued Mr. Corzine in 2013 over MF
Global's
collapse and misuse
of $ 1 billion in customer money, could announce a deal by the end
of this year if the agency's three commissioners approve it.
That threatens $ 11 billion
global banana trade with the same sort
of collapse that happened to the Gros Michel.
After losing the governor's race to Chris Christie, Mr. Corzine returned to Wall Street, presiding over the
collapse of the brokerage firm MF
Global and becoming a target
of federal investigators.
The
collapse of the
global economic - political paradigm that was fostered and nurtured by neo-classical economic theories built on childish abstracts which failed to embrace the physical and mathematical realities
of existence defined by universal laws
of matter and energy.
Although manufacturing overcapacity is certainly a problem, much
of it is in areas in which
global demand has simply
collapsed, and isn't coming back, and so a cheaper currency would have little impact beyond temporarily reducing excess inventory, which is not enough
of a benefit to justify the many costs
of a weaker currency.
The index is now at its highest since April 2008, several months before the
collapse of Lehman Brothers brought the
global financial system nearly to a halt.
With no loans being made and the world's largest financial institutions under significant threat
of failure, the
global financial system was under threat
of collapse.
Result: In 2007, the
collapse of the housing market triggered the subprime mortgage crisis and a three - year - long
global recession.
And while Canada - wide median incomes were up by an inflation - adjusted 3.5 per cent over that time, the performance was heavily influenced by oil - rich provinces such as Alberta and Saskatchewan — a trend that's since hit a wall, thanks to the
collapse of global oil prices.
2008
global financial crisis, world HNW and MC's, flooded back into US, driving USD strength, flatlined
global economy, decelrating trade,
collapse of commodity values, reduction in opportunity horizon
of Manufacturing and Productive EM, along with debt dynamics in China accelerating (Money Printing, Asset Bloat) and staid developed world horizons and Equity bloat in US.
Attempts to export its excess savings can only lead to one
of three outcomes: A)
global growth rises because Europe's savings are all directed at developing countries with significant infrastructure investment needs and insufficient capital, B)
global growth drops sharply,
global unemployment rises, and China's adjustment becomes all but impossible, C) international trade and capital flows
collapse in a repeat
of the 1930s, so that Europe is forced to resolve its savings imbalance either by a massive increase in unemployment or a wave
of sovereign defaults.
«America First» is a bad deal for everyone The death
of liberal world order leaves the world less prosperous, less peaceful, less freeRichard N. Haass argues that the post-war liberal world order has
collapsed, threatening
global peace, prosperity and freedom.
Since the
collapse of Lehman Brothers in 2008, the top 50
global central banks have cut interest rates 673 times, and negative interest - rate policy efforts haven't worked.
Today's excessive money printing — whether to gain a trade advantage or to prevent a deflationary
collapse — will end in the cataclysmic
collapse of today's fiat currencies and the consequent disarray
of global markets and sovereign states.
In the wake
of the
global financial crisis, Fortress bought bad loans in Italy and has a track record in Japan, where it bought hotels held by Lehman Brothers after the bank
collapsed in 2008.
The coming deflationary depression will involve not just the
collapse of capital markets but, in addition, a cataclysmic currency crisis caused by the
global destabilization
of money.
In the 1930s, when
global demand
collapsed, countries fought for shares
of a shrinking market by levying tariffs on imported goods.
Since the
collapse of Lehman Brothers — which signalled the start
of the
global credit crunch — mainstream prices in Austria have risen 34.7 %, the highest level
of price growth in all
of Europe.
Two severe bear markets and a near -
collapse of the
global financial system pushed the average annual returns down to negative numbers.
The common commitments undertaken there to engage in fiscal expansion, strengthen financial regulation, resist trade protection, and enhance the capacity
of international financial institutions to respond to problems in emerging markets were effective in halting the
collapse of the
global economy.
His ground breaking research on complex systems modelling
of debt - deflation was awarded the eminent Revere Award from the Real World Economics Review, describing Keen as the economist «who first and most clearly anticipated and gave public warning
of the
Global Financial
Collapse and whose work is most likely to prevent another GFC in the future».
In contrast, oil producers posted cumulative losses
of $ 32 billion over the course
of the last three years as revenues declined sharply following the
global collapse in oil prices.
Prices for liquefied natural gas (LNG) have
collapsed,
global demand is faltering and the first
of what is likely to be a wave
of competing shipments has just set sail from the unlikeliest
of exporters, the United States.
The
collapse in
global iron ore prices isn't chasing Gina Rinehart away from the red soil
of Western Australia that made her a billionaire.
Because
of that volatility in Antarctica, it's too soon to say whether this year's
collapse in
global sea ice is an aberration.