The European debt crisis threatens to spill over to the U.S. and emerging markets, requiring a bigger financial firewall, more bank recapitalization and limits on bank deleveraging, the International Monetary Fund said.
While European policy makers have taken steps to contain the crisis, it still poses risks to U.S. stability and may spread to emerging markets beyond central and Eastern Europe, the IMF said. The U.S. in particular is at risk, including the direct exposure of banks, according to the IMF.
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In 1939, when John Steinbeck completed The Grapes of Wrath—a heart-wrenching tale of a family of sharecroppers forced out of their home during the Depression— roughly one-quarter of the U.S. population still lived on farms. Today, family farms are increasingly rare, and less than 2 percent of employed Americans work in agriculture. But rather than [...]
What better time to hold the World Economic Forum than in the middle of the biggest global economic crisis since 1945? And yet the delegates who make the trek up to Davos this year are more likely to be disorientated than energised by the state of the world economy. The global economic crisis has raised [...]
How should people prepare for the difficult years that are coming? I get asked about that a lot. Once people really examine the facts, it is not too hard to convince them that an economic collapse is coming. But once they accept that reality, most of them want to know what they can do to [...]
What better time to hold the World Economic Forum than in the middle of the biggest global economic crisis since 1945? And yet the delegates who make the trek up to Davos this year are more likely to be disorientated than energised by the state of the world economy. The global economic crisis has raised [...]
The European debt crisis threatens to spill over to the U.S. and emerging markets, requiring a bigger financial firewall, more bank recapitalization and limits on bank deleveraging, the International Monetary Fund said. While European policy makers have taken steps to contain the crisis, it still poses risks to U.S. stability and may spread to emerging [...]
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