The second-quarter contraction was the worst ever since documentation of GDP figures began in 1970. The drop was, however, not as steep as the 10.1% contraction that economists initially anticipated. The German economy, Europe’s largest,...
Mortgages purchased by Fannie Mae and Freddie Mac were sold in the market through Securitization – a financial mechanism under which various contractual debts/loans like home loans, auto loans, credit card debt/loan obligations, etc. are...
The genesis of the financial crisis of 2007-2009 lies in the housing loan market of the U.S.A. A housing/mortgage loan in the U.S.A during the 1930s had extremely unusual structure biased towards the lenders –...
Since the outbreak of the financial crisis in 2007, financial institutions have paid more than Qatar’s GDP in fines for their wrongdoings. As investigations and lawsuits continue, that number is expected to grow. $150 billion...
The World Trade Organization has drastically revised down its 2016 global trade forecast, warning that growth had hit its slowest pace since the global financial crisis. 2017 might not look much better. WTO officials on...
Our policymakers are pushing a US-UK economic model, driven by financial markets rather than banks. But our people, like Germans and Japanese, would have none of it. At the G20 summit in April 2009 where...
What is your view on the collapse of the rupee? This collapse is the result of two components: a reversal of the U.S. monetary policy last May, and a significant weakening of the Indian economy....
