The Global Financial Crisis (GFC) started out as a credit crisis. In simple terms, the credit crisis was a situation whereby banks stopped lending, credit markets stopped operating and the availability of money to many businesses (and individuals) became so scarce that those most exposed became insolvent. The survival of the biggest banks around the …
Daily Archive: August 30, 2010
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Aug 30
Simple Economic Update
The month of July saw the return of strong sharemarkets both in Australia and overseas with the first positive monthly performance for four months. This return of confidence was largely due to investors reacting positively to the European Banking stress tests where 92% of European banks tested passed. Alongside of the good sharemarket performance was …
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