Financial stress is affecting people in many different ways. Some are struggling to pay bills, feed the family, or maintain a place to live. Others are meeting their basic needs, but are dipping into their savings for extras. Financial stress is increasing and, understandably, is causing some distress. In recent months, Lifeline [Australian Crisis Support ...
It’s been more than a decade since the last global financial crisis shook the world economy and took us to the brink of chaos. Though the world recovered from the crisis, it seems as if we have a bigger problem on our hands. A recent report by the World Bank, called Global Waves of Debt, ...
Nouriel Roubini is often called “Dr. Doom” because of his knack for predicting big market changes. He is well-known to have red-flagged the housing bubble crisis of 2007/2008 that pushed the global economy to the back foot. And now, Roubini has a new warning. The Economist predicts a big financial crisis in 2020. He believes ...
The financial crisis of 2008 was one of the most turbulent economic events that the current generation has undergone. Triggered by the collapse of the U.S. subprime mortgage market, it went on to wipe out trillions of dollars from the global economy and caused several financial institutions to shut down. A decade later, we are ...
As of early January 2019, the total global debt was nearing US$244 trillion, exceeding 300 percent of world GDP by the third quarter of last year. This has made the International Monetary Fund (IMF) issue warnings to the world governments to control their debt levels and create enough buffers to protect themselves against a future ...
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