Global Financial Crisis News & Analysis

The Future of the Global Monetary Order

USD, cc Flickr Mike, modified, https://creativecommons.org/licenses/by-sa/2.0/

What will the global financial system of 2060 look like?

FLASH: IMF’s Post-2009 Financial Crisis Regulatory Report Card

DAVOS/SWITZERLAND, 26JAN13 - Christine Lagarde, Managing Director, International Monetary Fund (IMF), Washington DC; World Economic Forum Foundation Board Member is seen during the Session 'The Global Economic Outlook' at the Annual Meeting 2013 of the World Economic Forum in Davos, Switzerland, January 26, 2013. Copyright by World Economic Forum swiss-image.ch/Photo Moritz Hager, The Global Economic Outlook: Christine Lagarde, https://commons.wikimedia.org/wiki/File:Christine_Lagarde_World_Economic_Forum_2013.jpg

The IMF’s latest report warns that the global financial system hasn’t yet fully learned the lessons of 2009.

Rising to the Challenge of Stagnant US Wages

cc United Workers, modified, https://www.flickr.com/photos/unitedworkers/12438845254/

Change must be embraced if the United States is to adapt to the new normal of globalized wealth.

Abe’s Latest Election Win in Japan: Economic Impacts

Generated by Google Gemini on July 30, 2025.

Examining what last week's elections mean for the future of Japan's economy.

Geopolitical Hotspots to Watch in 2013

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Examining a few of the pressing global conflicts that will be making headlines in 2013.

QE3: The Ups and Downs of Gold

cc Federal Reserve, modified, https://en.m.wikipedia.org/wiki/File:Ec_8_%2826088200676%29.jpg

Following the announcement of the US Federal Bank's intention to begin a third round of quantitative easing in mid-September, the global price of gold skyrocketed.

Occupy Wall Street Protests Take Hold

cc David Shankbone, modified, Tuesday morning the police evicted the Occupy Wall Street protesters and cleaned the park. Tensions ran high that morning - scenes from an empty Zuccotti around 9:15 a.m.; the regrouping of the protesters at a lot on Canal & 6th Street around 10:15 a.m.; and then their return to Zuccotti to confront the police around 11:00 a.m. https://commons.wikimedia.org/wiki/File:Day_60_Occupy_Wall_Street_November_15_2011_Shankbone_18.JPG

Since September 17th the grey streets of the financial district in New York have become the centre stage of lively protests objecting social and economic inequality, corporate greed and the growing influence of corporate power in US government.

The Economics of Happiness

Generated by Google Gemini on July 28, 2025.

Ireland’s recent Quarterly National Household Survey may be evidence that happiness and economic hardship are not always mutually exclusive. The survey demonstrates that despite the deepening recession, record unemployment, and falling living standards; as many as four out of five Irish respondents answered to be happy all or most of the time. This brings to mind other countries’ growing interest in quantifying populations’ overall wellbeing.

Market Meltdown Redux?

Generated by Google Gemini on July 25, 2025.

Global markets stand on the precipice of another plunge into the now familiar territory of red and recession, though this time there won’t be the prospect of government stimulus spending to soften the blow.

The Fall of Strauss-Kahn: Europe Loses its Savior?

Guillaume Paumier, Dominique Strauss-Kahn (French socialist politician) during his meeting in Toulouse on April, 13th 2007 where he was promoting Ségolène Royal's candidacy for the 2007 presidential election. / https://commons.wikimedia.org/wiki/File:Dominique_Strauss-Kahn_-_Strauss-Kahn_meeting_in_Toulouse_for_the_2007_French_presidential_election_0253_2007-04-13.jpg

The arrest and subsequent resignation of former IMF chief Dominique Strauss-Kahn won’t just impact the Euro sovereign debt crisis, but the wider international monetary order as well.

Currency War or Business as Usual?

Yuan2, cc Flickr David Dennis, modified, https://creativecommons.org/licenses/by-sa/2.0/

The recent passage of a US law that allows for the executive branch to enact trade sanctions on China for currency manipulation stands as a clear sign that the Obama administration is getting serious about the value of the yuan.

Greece Teeters on the Brink of Financial Collapse

Generated by Google Gemini on July 27, 2025.

Despite an announcement of a massive bailout, the future of the Greek economy- and by extension the entire euro zone as well- is now more at risk than ever.

2010 BRIC Countries Summit

cc https://commons.wikimedia.org/wiki/File:1st_BRIC_summit_Ekaterinburg.jpg, kremlin.ru, modified

Last week’s BRIC countries summit in Brasilia witnessed the beginning of what will surely become a trend over the next few decades: BRIC coordination against the United States on important issues in international society.

British Economic Crisis

UK flag, Generated by Google Gemini on July 27, 2025., modified

Although the dust hasn’t even settled from last month’s Euro financial crisis in the PIGS countries, another sovereign wealth shock may be just around the corner.

Euro Financial Crisis

Generated by Google Gemini on July 27, 2025.

The financial crisis that began in Greece last month and spread to other ‘PIGS’ countries (Portugal, Ireland, Greece, and Spain) is raising old doubts about the long-term viability of the EU’s monetary union.

Bailout Blowback in the United States

FEDstamp, cc Flickr Kurtis Garbutt, modified, https://creativecommons.org/licenses/by/2.0/

The U.S. government’s swiftly arrived upon decision to pump massive amounts of money into a faltering banking system may come back to haunt policymakers as a trade-off between one disaster for another.

2008-2009 Israel-Hamas War

cc IDF, modified, https://commons.wikimedia.org/wiki/File:Merkava-Mk-4-Barak-0001.jpg / IDF Merkava Mk 4 Barak מרכבה סימן 4 ברק

The 2008-2009 Israel-Gaza War enters its second week, with no signs of letting up any time soon.

Pakistan Taliban Taking Control of AfPak Border Areas

Generated by Google Gemini on July 25, 2025.

The resignation of hundreds of Pakistani police personnel due to fear of Taliban reprisals, and escalating tension along the Indo-Pak border eclipsing Islamabad's focus on militancy along its Afghan border, may result in Pakistan's NorthWest Frontier Province (NWFP) and Federally Administered Tribal Areas (FATA) falling to Pakistan Taliban control.

Wall Street in Crisis

Generated by Google Gemini on July 25, 2025.

If the financial crisis caused by Wall Street manages to diminish Washington’s prestige, ability to influence policy, and deters allies from following the US’ lead on foreign policy, it will achieve what 50 years of near nuclear confrontation with the Soviet Union failed to do—the dissolution of the American Empire.

Bear Stearns and US Bank Bailouts

Generated by Google Gemini on July 25, 2025.

The recent collapse of investment bank Bear Stearns, the lack of market liquidity and the sub prime mortgage crisis are all representative of more fundamental flaws in the financial system and American economy.

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