Few Celebrations As 10th Anniversary Of Global Crisis Nears

One America News Network | 3/11/2014 | Staff
catcrazy24 (Posted by) Level 4
Click For Photo: http://d2pggiv3o55wnc.cloudfront.net/oann/wp-content/uploads/2017/05/2017-05-19T182149Z_1_LYNXNPED4I1JN_RTROPTP_0_MARKETS-STOCKS_1.jpg

LONDON (Reuters) – In May 2007, Ben Bernanke, then chair of the Federal Reserve, said the problems in the U.S. subprime mortgage market probably would not hurt the economy or the banking system.

With the admittedly huge benefit of hindsight, that was a misjudgment of epic proportions.

Years - Onset - Crisis - World - Economy

It has taken a full 10 years since the onset of the global financial crisis for the world economy to show clear signs of recovery, and even now progress remains halting.

In the United States, the unemployment rate is at its lowest in a decade, but pay is growing only slowly and a string of recent economic data has been weaker than expected.

Europe - Japan - Growth - Speed - Central

In Europe and Japan, growth is picking up speed, prompting the European Central Bank and the Bank of Japan to start sending signals about eventually easing their economies off their huge stimulus program.

But in Europe, Greece’s debt crisis remains far from over, even if the rest of the euro zone might help clear the way for more relief at a meeting of finance ministers on Monday.

France - Leader - Populist - Month - President

And although France voted in a centrist leader rather than a far-right populist this month, new President Emmanuel Macron may struggle to command a majority in parliament after elections in June. Investors remain nervous too about the prospects for euro-sceptic parties in elections in Austria this year and in Italy by May next year.

In Asia, China has smoothed trade tensions with the United States, at least for now, but the world’s second-biggest economy is still trying to reign in its shadow banking system.

Economies - Coattails - Growth - Exceptions - Brazil

And while emerging economies may ride on the coattails of global growth, there are glaring exceptions such as recession-hit Brazil and South Africa which are both in the grip of political crises.

Group of Seven finance ministers and central bank governors sounded only cautiously confident as they wrapped...
(Excerpt) Read more at: One America News Network
28 other people are viewing this story
Wake Up To Breaking News!
It is time to put away the our toys and propaganda we've been taught as children and think for ourselves.
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!

LongRoom Culture
Dance Meets Light Show - Light Balance Dancers at America's Got Talent 2017! This dance routine is amazing. It is...
Mouse Doesn't Let Being Upside Down and Under His Running Wheel Stop Him From Getting a Good Run In! Something is not right in...
One Cat Finds That Another Cat is Using Him As A Chair! The look on this cat's face is as though he is saying "You can't be...
Kite Surfers Setting World Record! It took a lot of kite surfers to make this video and some very exacting  and exciting riding.
Zombie Raccoon Apocalypse! This video could be straight out of a Zombie Raccoon Apocalypse movie, or just a quiet neighborly...
Man Kayaking Is Surprised By Surfacing Whales! This man is at the right place at the right time.  He must have noticed the...
Beautiful Huge, Cecropia Moth! The Largest Moth in North America! If you ever see one of these moths, you will be impressed...
Adorable Ragdoll Cats Gandalf and Flame Ride Atop A Robot Vacuum Cleaner! These cats are so cute and seem to be content to clean...
Heidi The Australian Shepherd Fetches Her Bed And Settles Down To Watch Planet Earth! This beautiful dog has a very interesting...
Slow Motion Video of Balloon Being Punctured Underwater! Bursting a balloon underwater makes an impressive special effect when...
Amazing Score By Little League Player! When you are running for home and the catcher is waiting there with the ball to tag you,...
Bird Surfs Down Snow Covered Roof, Grabs His "Surfboard," Flies Back Up To The Roof Ridge And Surfs Down Again!
Three Human Kaleidoscope! Brilliant synchronized hand motions that imitate the images you see in a kaleidoscope!  This is very...
One Little, Two Little...Wait... Three Little Kittens All Stretching! It only looks there are two kittens in this container...
Cat Is Rude and Keeps Scratching Sheep's Face, Then Sheep Gets Even! A few rather innocent sniffs and this sheep gets scratched...
Dog Caught Stealing a Bread Roll! Roll?  What Roll?  Oh, you mean this roll...  This dog is so adorable after being caught in...
Beautiful Lava Flow At the Kilauea Volcano, Hawaii! The looping on this gif is so perfect that it is mesmerizing!  Beautiful...
Cuttlefish Disguised As A Hermit Crab! This cuttlefish is doing a great imitation of a hermit crab as he's trying to make an...
How To Make A Rose Love Letter Card! This paper craft is pretty and clever and could be used for almost every occasion where...
Prairie Dog Wearing A Dress and Eating Cheese! Prairie Dogs make interesting pets and this one is adorable the way it chews on...
Slo Mo Guy's Video Experiment - Getting Crushed by Huge Water Balloon! The popular YouTubers The Slow Mo Guys, are known for...
Teamwork! Two Big Dogs Carrying A Stick Together Followed By A Little Dog! Branch Managers!  These two big black dogs are...
How To Make A Little Teapot Short and Stout! Okay, well, maybe this is a tiny teapot, but that aside, making a tiny teapot is...
Wooden Box Only Opens After Solving Complex Puzzle! If you want so get this box open, be prepared for a puzzling good time!...
Twin Boys Jump At The Same Time and It Looks Like A Mirror Image! These two twin boys are playing and not really paying a lot...
Herd Of Elephants Hurry To Meet New Orphaned Calf! This herd of elephants welcomes a new addition to their herd and they hurry...
Bald Eagle Picks Fish Right Out Of Lake! This bald eagle swoops down out of the sky and grabs this fish.  It has been observed...
Dog Relaxes On Couch! This dog looks like he has plans to stay on the couch for a long time!  He starts sitting up, then falls...
Triple Front Bike Flip by Ryan Williams! This flip called a "Nothing Front Bike Flip" is executed by Ryan Williams in this...
Shot From Medieval War Machine - A Trebuchet! This amazing construction of a medieval war machine called a trebuchet...