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Money and Investing

How the Global Financial Crisis of 2007 affected the real economy?
Learn from this archived money news stories at the time.

Most recent financial crisis started in 2007, with the ensuing financial crash in late 2008, which affected most of the world's economy. The effects of this economic crisis are still felt in many countries, including the US and Europe.

Despite assurances to the contrary by the governments and so-called financial experts, the crisis is still not over and full recovery could be still years away. Even with the monitary policy of quantitative easing adopted by FED and other reserve banks (which basically involves printing huge amounts of paper or fiat money), more than 10 years later the things still haven't improved in the sense of creating a sound world economy.

In the current economic climate, the subject of money and investing is on everyone's lips and in everyday's news, more than ever.

The effects of the 2008 financial crisis are still felt

Many countries, including the US and EU countries, are still trying to shake off the effects of the 2008 financial crash. Even the world's manufacturing powerhouse, China, is experiencing slowing down annual growth of just above 7%. While many countries can only wish to have such growth levels, for China it's a serious slowdown after 3 decades of averaging annual growth of 10%. (It's yet to be seen what will be the effects of corona virus epidemic of 2020, not only on China, where it seems to have started, but also on the entire world economy.)

While banks and financial institutions tried to defend their practices that led to the current economic crisis, taxpayers are paying ever more money to those same culprits, to prop up their near-bankrupt balances.

As recently as in late October 2014, 25 of Europe's 130 top banks failed 'stress test'. These are undertaken to see if the banks can withstand a sudden economic adversity, such as rise in defaulted bank loans, high unemployment, or other financial problems that would decrease the bank's ability to do business.

Governments, who allowed the wild chase for profits to go unchecked, are still trying to reign-in the recession and looking to create economic stimulus that will help businesses and economy to 'turn the corner'. Unfortunately when you take money away from the real, healthy economy to try and cover the losses caused by the speculative "economy", the resulting financial hole can take years to plug.

Stories behind the Global Financial Crisis 2008

Here are some news stories about money, investments and economy that happened in the aftermath of the global economic crisis of 2008.

Money making opportunities
Unwise and speculative financial dealings have led to the financial crisis in 2007,
the effects of which are still being felt today in many countries.