Tags: crisis

What is ISIS and Where Did it Come From?

June 15th, 2014
in econ_news

Iraq is facing its most alarming crisis in years. The second city of Mosul and the major city of Tikrit have been seized by a violent jihadist group, ISIS – the Islamic State in Iraq and Syria, formerly Jama'at al-Tawhid wal-Jihad and Al-Qaeda in the Land of Rafideen. more »

Too Late to Bail Out the PIIGS?

February 6th, 2014
in econ_news

Econintersect: A recent study at the Minneapolis Fed concludes that debt levels among the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) are so high that it may be too late for such bailouts to be successful in inducing these countries to reduce the… more »

Reinhart and Rogoff Reject Romney's "This Time Is Different" Economists

October 17th, 2012
in econ_news, syndication

Econintersect: In a white paper issued on 14October2012, economists Carmen M. Reinhart and Kenneth S. Rogoff rejected recent recent conclusions by various op-ed writers who have argued: .... that in fact, the United States is “different.” Internation… more »

IMF: Downgrades the Global Economic Forecast, Leaves USA Forecast Unchanged

January 24th, 2012
in econ_news

Econintersect: The International Monetary Fund (IMF) downgraded its world economic forecast saying the global recovery is stalling, and warning that downside risks are intensifying:that Europe is in a balancing act - it must must balance reform and d… more »

Did Investors Magnify The Housing Crisis?

December 6th, 2011
in econ_news

Econintersect:  A new Federal Reserve study suggests that real estate “investors” played a major role in amplifying the effects of the housing crisis.Optimistic investors—speculators—used low-down-payment, nonprime credit to place highly leveraged bets… more »




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