The calls for stronger financial sector regulation and supervision are understandable in the wake of recent market volatility, but they are incorrect. The crisis was not caused by catastrophic faults in capitalism. Politicians compelled banks to make bad loans, monetary authorities flooded the West with cheap credit, and regulators were asleep at the wheel. The […]
Did Capitalism Cause The 2008 Recession? Read More »
JobFox published a report in July of this year detailing their top 20 “Recession Proof Professions.” Accounting & Finance Executives and Accounting Staff were ranked 4th and 5th, respectively. Other business insiders have expressed similar concerns in other formats. These perceptions are good news for anyone studying for the CPA Exam as we enter a
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Stock prices generally decrease before and during a recession, making it an excellent time to invest. Buying as stock prices fall pays well in the long run if you continue to dollar-cost average into your 401(k), IRA, or other investing accounts. What investments gain value during a downturn? A recession is defined as two consecutive
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According to Trading Economics global macro models and analysts, Afghanistan’s GDP is predicted to reach $20.46 billion by the end of 2021. According to our econometric models, Afghanistan’s GDP is expected to trend at 21.43 billion dollars in 2022. Is Afghanistan a poor or wealthy nation? Afghanistan is one of the poorest nations on the
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The national unemployment rate was 5.0 percent in December 2007, and had been at or below that level for the previous 30 months. It reached 9.5 percent at the end of the recession, in June 2009. The unemployment rate peaked at 10.0 percent in the months following the recession (in October 2009). During the Covid
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Federal Reserve Chairman Ben Bernanke informed Treasury Secretary Henry Paulson on September 17, 2008, that a considerable amount of public money will be required to stabilize the financial sector. On September 19, short trading of 799 financial stocks was outlawed. Large short positions were also required to be disclosed by companies. The Treasury Secretary also
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Interest rates are the Fed’s major weapon in the fight against inflation. According to Yiming Ma, an assistant finance professor at Columbia University Business School, it does so by determining the short-term borrowing rate for commercial banks, which the banks subsequently pass on to consumers and businesses. This rate affects everything from credit card interest
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The early 1980s recession was a severe economic downturn that hit most of the world between the beginning of 1980 and the beginning of 1983. It is largely regarded as the worst economic downturn since World War II. The 1979 energy crisis, which was mostly caused by the Iranian Revolution, which disrupted global oil supplies
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Venezuelan hyperinflation is a currency instability that began in 2016 as a result of the country’s continuous socioeconomic and political turmoil. In 1983, Venezuela began experiencing continuous and uninterrupted inflation, with yearly inflation rates in the double digits. Under Nicols Maduro, inflation rates rose to the highest in the world in 2014, and they continued
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Inflation, according to economists, occurs when the supply of money exceeds the demand for it. When inflation helps to raise consumer demand and consumption, which drives economic growth, it is considered as a positive. Some people believe inflation is necessary to prevent deflation, while others say it is a drag on the economy. Some inflation,
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