Was There A “Global Savings Glut” In 1986?
Was There A “Global Savings Glut” In 1986?
It seems that, once again, former Fed Chief Alan Greenspan has grown tired of listening to his critics who have increasingly laid blame at his feet for the inflation of (and, more importantly, the subsequent bursting of) the nation’s housing bubble a few years back that led to a credit market melt-down shortly thereafter and the ongoing global financial mess.
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Shell Companies: How U.S. Law Helps Shield Global Criminality
Shell Companies: How U.S. Law Helps Shield Global Criminality
Lax state laws of incorporation allow shell companies to operate freely in the U.S., helping the Russian mafia, drug cartels, and still, even some terrorists.
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Categories: credit meld Tags: companies, Criminality, Global, Helps, Shell, Shield, U.S.
Default Drop Signals End of Global Credit Crisis, Coface Says
Default Drop Signals End of Global Credit Crisis, Coface Says
Jan. 20 (Bloomberg) — A 40 percent drop in global payment defaults during the second half of last year is evidence the credit crisis is over, though developed economies will experience a “very soft recovery” in 2010, ratings company and export credit insurer Coface said.
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