Found 17 Articles.
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Two of the leading economists on financial crises wrote an essay on lessons that should be learned from the financial crisis. They include lessons that never should have been forgotten but that policymakers didn’t remember at key moments of the crisis. Financial crises do so much economic damage for a simple reason: they destroy a […]
Here’s one view of what the next financial crisis could be like. It’s from the chief quantitative investor at J.P. Morgan and is part of a series of essays the bank is putting out to mark the 10th anniversary of the financial crisis. He forecasts the crisis is likely to be more volatile and worse […]
This article discusses warnings signs of financial crises. It says the conventional wisdom that high volatility is a warning sign is wrong. Instead, it says the period we just passed through might have given a warning sign of an upcoming crisis. One of the key tools is early warning indicators of crises, which gained some […]
The veteran world economist who was among those who warned about trouble before the financial crisis is at it again. William White, formerly of the Bank of International Settlements, says he sees imbalances and extremes that are very similar to what was building up before 2007. He also says that central banks used up a […]
It was 30 years ago today that the U.S. stock markets experienced Black Monday, still the largest single-day decline in the stock indexes. The Dow Jones Industrial Average declined 22.6% in one trading session. That was 508 points at the time and about 5,775 points at today’s level. But that was only part of the […]
This article argues that Silicon Valley is more likely to be the source of the next financial crisis than Wall Street. The author believes all those new financial technology startups have been great for many individuals and small businesses, but they aren’t being careful enough. He thinks they’ll be the source of the next crisis. […]
Many people say they aren’t comfortable buying when the market indexes are near historic highs. Others point out that new highs tend to be followed by even higher levels. This article examines both sides of the issue. It points out that momentum causes new highs to be followed by more new highs, as has happened […]
Easy central bank policies and lax mortgage lending were, of course, key factors. But most discussions of the crisis don’t explain the role of what’s sometimes called the shadow money market. This consists of privately-arranged loans between banks and various investors or lenders. The loans usually were for very short terms, often five days or […]