Global Economic Crisis

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There are a lot of folks around the globe who are waiting for the economy in the US to mend and that too for quite some time now. After all, the US economy is the huge engine of growth and sustenance for the whole world and if the economy goes into a tailspin, it can [...]

ShareThere are signs that the unemployment rate in the US may be going down. It seems to be dipped from a high of 10% in December to around 9.7% in January. But there also seems to be another report that around 20,000 jobs were shed in Jan, 2010. Markets have also been faced with the [...]

ShareThe US Labor market is expected to rebound and show some spunk on reports that the economy as a whole is on recovery mode. There are strong indications that the economy may be showing some signs of a turnaround. While this is not yet fully confirmed, there are many who feel that the economy is [...]

ShareWe have not seen an economic crisis like this since the 1980’s. Infact, generation Y have never really seen any form on national financial crisis – let alone a global one. This is the world economic crisis 2008 has had such a dramatic affect.
Generation Y are known for their frivolous spending and inability [...]

ShareA bit of worry is starting to come to light with all this talk of the world currently entering a recession. I think the majority for this fear is due to people not understanding what a recession is and what happens during a recession?
Firstly lets find out what a recession is.
Dictionary.com define [...]

ShareAustralian Prime Minister Kevin Rudd announced a trillion dollar guarantee that will see all savings account held by Australians in Australians banks – no matter what the size, for the next three years.

This unprecedented move to maintain confidence in the Australian banking system, which is seem as one of the strongest backing systems in [...]

ShareThe G20 group of leading leading economies met in Washington to hear the head of the IMF, Dominique Strauss-Kahn tell them that the world’s financial system was nearing melt down and this global economic crisis called for nations to band together and not try and solve each countries problems individually.
With world markets plummeting investors are [...]