Category: global financial crisis

The Risks of a Global Financial Crisis

Commentary Almost three years ago, the masters of global finance and public health thought they had everything under control. They believed that they were carefully calibrating the machinery of power, pushing and pulling all the right levers, twisting and turning knobs on their control panels, to both manage a pandemic with a shutdown while mitigating…


Did I Predict the Global Financial Crisis?

Commentary The 2008 recession, known as the “Global Financial Crisis” (“GFC”) outside the USA and the “Great Recession” inside, was the biggest economic crisis since the Great Depression, and before the COVID-19 recession. It was also caused by the financial sector—which is obviously a part of the economy—rather than by an “exogenous shock” (something emanating…


Live Q&A Webinar: Will China’s Economic Crisis Impact the World?

As Chinese real estate developer Evergrande hovers on the edge of collapse, questions are swirling about whether the fallout would cripple the Chinese economy, or spill over into the West to trigger a global financial crisis. Chinese leader Xi Jinping has also initiated a wave of clampdowns targeting everything from private tutoring to e-commerce to…


Upcoming Live Q&A Webinar: Will China’s Economic Crisis Impact the World?

As Chinese real estate developer Evergrande hovers on the edge of collapse, questions are swirling about whether the fallout would cripple the Chinese economy, or spill over into the West to trigger a global financial crisis. Chinese leader Xi Jinping has also initiated a wave of clampdowns targeting everything from private tutoring to e-commerce to…


UK Set for Most Widespread Pay Rises in Over a Decade, Says CBI

LONDON—More British employers are planning pay rises than at any time since the global financial crisis as they struggle to recruit staff following the coronavirus pandemic and Brexit, data from the Confederation of British Industry (CBI) showed on Monday. The CBI said 44 percent of businesses intended to raise pay in line with inflation and…