One would think that they had utterly lost their reputation for honesty — not to mention competence — by pasting AAA ratings on junk mortgages as prime enablers of the
present global financial crash.
Equity markets are reminiscent of the period leading up to
the global financial crash of 2008, one investment manager told CNBC Wednesday.
Speaking at the World Economic Forum in Davos, Jes Staley noted that financial conditions are somewhat reminiscent of the run - up to
the global financial crash of 2008.
Jes Staley noted that financial conditions are somewhat reminiscent of the run - up to
the global financial crash of 2008.
Fraudulent investment schemes come and go in waves, he adds, and in the wake of the 2008
global financial crash, many people seem ready to try alternative paths to financial independence.
The central bank has remained ultra-accommodative in the years since
the global financial crash and the euro zone sovereign debt crises.
Tight monetary policy was one mechanism by which Beijing sought to slow the pace of growth amid concerns that its response to
the global financial crash — cheaper credit and a fiscal boost worth 12 % of GDP — had been excessive.
The majority of voters seem to have convinced themselves that the last Labour government — more precisely, Gordon Brown — was almost single - handedly responsible for
the global financial crash.
However while I am yet to find anyone who puts the blame for
the global financial crash at their door, disabled people seem to be paying the price for austerity.
Leaving the European Union could leave the UK exposed to economic conditions comparable to those before
the global financial crash of 2008, Alistair Darling, the Labour former chancellor, will claim on Friday.
He admits frankly: «The market failure of
the global financial crash has ended up damaging the electoral position of the centre left much more than the centre right.»
Then
the global financial crash happened and shit got real.
After
the global financial crash, it seemed like the housing market would take years to work through its inventory of unwanted single - family houses — and it did.