global financial crisis Tag

In 2008, we had the Global Financial Crisis. Stocks tanked. Gold rose rapidly. It has ignited a global rush to get the yellow metal. This includes central banks, billionaires, and millions of individual investors worldwide. After all, gold is regarded as a safe haven against a plausible economic disaster in the near future. This rush has also caught up in Malaysia. New establishments sprung up to capitalize on the growing appetite of gold among the locals. Evidently, we have more choices of dealers and brokers of precious metals and haveRead More

Posted On July 26, 2017By HoudiniIn Articles

Central Bankers ‘Are’ The Crisis

If there’s one myth – and there are many – that we should invalidate in the cross-over world of politics and economics,it‘s that central banks have saved us from a financial crisis. It’s a carefully construed myth, but it’s as false as can be. Our central banks have caused our financial crises, not saved us from them. It really should -but doesn’t- make us cringe uncontrollably to see Bank of England governor-for-hire Mark Carney announce -straightfaced- that: “A decade after the start of the global financial crisis, G20 reforms are building a safer, simplerRead More