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...housing meltdown....
...(To illustrate the last point: after my book on Japan’s “trillion-dollar meltdown” was published, Chinese officials contacted me keen to learn the lessons from history.)...
...But not the US subprime crisis in any detail. Instead, there were nagging fears of a meltdown in the Asian carry trade, an arbitrage between rates in different economies. It did not happen....
...The S&L crisis was also the most costly banking disaster until the US subprime crisis of 2008. Now commercial real estate is looming as a risk for banks once again....
...Nor did they see the possibility of a resulting nationwide residential real estate meltdown. Lesson learned....
...If the bankruptcy of FTX and the subsequent meltdown of all things crypto have shown us anything, it is that this time still isn’t different when it comes to the financial sector and risk....
...Even if the chances of another full-blown financial meltdown are low, our ability to deal with it may be less....
...As Kelleher took over, the subprime mortgage crisis was just beginning to rip through the US economy....
...They are more often targeted by predatory lenders with subprime loans. Across all ethnicities, 25-34-year-olds are the predominant age group, according to Insider Intelligence....
...If we step back and look at the major collapses of organisations over the past five years, they are different from other meltdowns....
...It even surpassed the so-called “greatest trade ever”, John Paulson’s 2007 bet against subprime lending....
...By 2007, the Fed had increased rates to 5 per cent and the mispriced subprime market was in meltdown. Lehman Brothers’ balance sheet, at the time of its collapse, was full of mispriced debt....
...The industry pushed back and had an utter meltdown. How bad a mistake was it to let go of that idea?...
...Then came the US financial meltdown. Oil prices were submerged alongside the American economy. The rest of us were sucked down too....
...I’d argue that we won’t see a 1930s-style meltdown but rather a new kind of regionalisation that will replace what came before....
...But the Borscht Belt boom is mirrored in many parts of the country, and speaks to the fact that, over a decade on from the subprime meltdown, housing is still at the centre of America’s economic bifurcation...
...meltdown in 2008....
...What else we’re reading The US needs to make homes more affordable — and available A decade on from the subprime meltdown, housing is still at the centre of the US’s economic bifurcation, writes Rana Foroohar...
...mortgage bets began to unravel, sending global markets into meltdown....
...So when exactly does a coronavirus-triggered corporate market meltdown officially turn into a full-blown financial crisis?...
...Markets Collateralised loan obligations, notorious during the subprime mortgage meltdown a decade ago, are again exposed during the pandemic, creating unexpected corporate casualties including medical staffing...
...In 2008, the subprime meltdown triggered a systemic financial crisis that required a bailout of banks to prevent what might have become a second Great Depression....
...To find out more about how the market meltdown has affected deals, check out the full story on “arb-ageddon” here....
...The explosive growth of the leveraged finance market over the past decade has provoked unease among many who see disturbing parallels with the subprime mortgage boom of the 2000s....
...The close cousin of collateralised debt obligations, the pools of mortgage-backed securities that became notorious during the subprime meltdown over a decade ago, CLOs package up risky corporate loans into...
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