Some startups that had ties to the bank scrambled to pay their workers, and feared they might have to pause projects or lay off or furlough employees until they could access their funds. How did this happen? Here’s what to know about why the bank failed, who was affected most...
economy for 2008. He says that predicting the economy's path is difficult at turning points because it is sending mixed signals. He believes that recession will unlikely happen due to several reasons like the short-term interest rates cut made by the federal government, the positive impact of ...
But in my opinion the picture that we will assist will be one of a relatively faster recovery phase (about five to six years) after which many things will happen in the geopolitics and socioeconomic order. But, how about to look at this pandemic as a disruptive innovation itself, which ...
Why did the recession spread globally? Why did devaluation help countries recover? How fast was the recovery? Why did stagflation occur in the '70s? Why didn't it happen in 2009? Why does a recession cause a trade deficit to increase?
Why did people lose all their savings and money when the market crashed in 2008? Why can adverse selection be problematic in the market for health insurance? Is the nation's educational system meeting the demands of the new information economy? If so, why? If not, why is the system failin...
Why Did Gold Fall In 2008? Much of the world's banking and financial system buckled in the autumn of 2008. It was the worst economic downturn since the Great Depression began in 1929. With the benefit of hindsight, we know that the American economy actually entered a recession in late 200...
In my view, the content of education should be dramatically overhauled. Math should focus on concepts used in everyday life like: fractions decimals percents probability statistics Arguably, the 2008 “Great Recession” directly resulted from people’s lack of understanding of percentages and how th...
Jerome Powell: So, yes, we did. and we forthrightly-- saw that we needed to do better. So, we've spent a lot of time working on ways to make supervision more effective and also to adapt regulation to a more-- to a modern context in which a bank run can happen so much faster ...
Suppose a business sector has produced more goods than people are willing to buy. This could happen because they overestimated demand or because people suddenly have less money to spend. These goods now sit in warehouses, unsold. Here’s the issue: as long as those goods are taking up space...
If you run an existing business, you may already have these financial forecasts. But, if you don’t, now is the time to set your sales goals and create a budget for your expenses. For this step, you will create: •A sales forecast ...