The period before this crisis in America and in the Western World was considered to be the “Second Gilded Age.” Simply put, people were making a ton of money. In the financial sector, bonuses were robust, and that is putting it lightly. It was routine for one's bonus to be larger than their salaries. Loan requirements were relaxed. At the peak of this period in 2005, one would be able to take out a loan without providing proof of income. People rushed to take out mortgages and...
- Опубликовано:
- 29.07.2014 13:25:00
With the souring of relations between the United States and Russia, Russia has expressed its desire to become less dependent on the US dollar. This is an understandable concern, given the political tension between the two countries, coupled with the threat of tougher US Sanctions on the Russian economy[1]. Simply put, the Russian government knows that it is at a disadvantage. The United States is Russia’s 5th largest trading partner, with 11$ Billion in trade volume, while Russia is United...
- Опубликовано:
- 17.07.2014 12:21:00
Currency Wars follows the actions of governments and central banks to manipulate their currencies and currency denominated securities to their advantage and to the disadvantages of foreign markets. At the present day the focus will be on China and the ...
- Опубликовано:
- 14.07.2014 22:55:00
