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Money and Investing

How the Global Financial Crisis of 2008 affected the real economy

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

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%.

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.

  • Reserve Currency
    Is China ditching the U.S. dollar, as the world's reserve currency?
  • Financial Trickery
    Banks are again up to their old financial trickery of puffing-up profits.
  • Lost Decade
    The Lost Decade that Japan experienced in the 90s might be replaying itself in the US now.
  • Solar Energy
    Is solar energy on its way back? USA, Australia and China are leading with their renewable energy plans.
  • Alan Greenspan
    History will show that former Federal Reserve Chairman Alan Greenspan played a key role in creating the US housing bubble.
  • April Job Losses
    Unemployment numbers are still on the rise, although job losses in April are at their lowest in 6 months.
  • Bank of America
    Bank of America Chairman Kenneth Lewis testimony about hiding Merrill Lynch losses prior to its merger with BofA.
  • Bank Stress Test
    Which are three strongest banks, according to Money Morning bank stress test.
  • Bank Stress Tests
    Validity of bank stress tests at Bank of America and Citigroup called into question.
  • Bank Test Results
    The U.S. Treasury Department bank stress test results to be released to the public.
  • Canada's Oil Sector
    Play attractive Canada's oil sector via these six Canadian oil companies.
  • China Lifeline
    Could China provide lifeline to the ailing Detroit's auto industry?
  • Ciena Corp Stock
    Buy Ciena Corp stock on Nasdaq to profit from the growing global broadband arms race.
  • Credit Card Issuers
    Credit card issuers meeting with President Obama, to discuss new limits on credit card fees and credit card interest rates.
  • Credit Default Swaps
    How credit default swaps, a derivative security, could reverse the economic recovery.
  • Economic Recovery
    Latest housing market and consumer confidence numbers may indicate sustained economic recovery.
  • Elliott Wave Disciple
    Elliott Wave disciple Robert Prechter sees a possible 2000 Dow Jones, as economy declines further.
  • Flawed Stress Tests
    Bank Stress Test is a flawed exercise that only elevates the current economic stress.
  • India's Slow Growth
    India remains a good long-term profit play on stock market, despite it's current slow growth.
  • Investing Strategies
    Why are long-short investing strategies newly popular in the current bearish markets?
  • Investment Accords
    For the first time in 60 years new investment accords reached between Mainland China and Taiwan.
  • Oil Prices Jump
    Oil prices could jump as much as 70%, owing to increased oil consumption vs declining oil production.
  • Russia and China
    Will new Russia and China energy deals relegate America to spectator status?
  • Small Cap Stocks
    Small cap stock usually beat blue chips as a safe investment, following a recession.
  • Yuan Carry Trade
    China yuan carry trade will add to China's global muscle and might accelerate the US economic recovery.

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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