Financial Crisis News
Geithner Sees ‘Dark Shadows’ for Next President, Warns on Dollar
The two US Treasury secretaries who navigated the nation through the global financial crisis said the next administration will inherit a vibrant economy with “dark” challenges, calling on politicians to address the fiscal deficit and safeguard market competition.
3 min read31 Jul 2024CrowdStrike is too big to fail
Learn from the 2008 financial crisis and pay attention to systemically important tech companies.
3 min read23 Jul 2024Populist policies can be myopic and also very hard to challenge
Public approval can be won with sound-bytes while economists struggle to explain complex adverse effects that go unseen
4 min read31 Aug 2023Why China’s government might struggle to revive its economy | Mint Primer | Mint
China’s post-Covid economic recovery has turned out to be shaky rather than robust. Initial pent-up demand was followed by economic data for April falling below expectations. China’s stocks, government bond yields, and currency declined in response. The purchasing-managers indices (PMIs) for May showed slower growth in services output and consecutive shrinkage in manufacturing activity. Falling input and output prices are hurting industrial profits, hampering manufacturing investment, and raising concerns of deflation. The economy is facing a double-dip risk, potentially with close to zero growth from one quarter to the next. China may resort to easier monetary policy and looser fiscal measures, but some worry the government’s response might be inadequate.
18 Aug 2023Why markets can never be made truly safe | Mint Explains | Mint
In this video, we investigate the history of collateral, its influence on the financial landscape, and recent policy shifts with potentially significant implications.
10 Jul 2023SP Hinduja: The man with an uncanny business instinct
His commitment to social causes was genuine. Hinduja National Hospital stands as testimony to his concern for the needy and the poor. He never hesitated to invest in the best equipment, even if it did not make any commercial sense.
2 min read17 May 2023Global trade may grow 1.7% in 2023 despite war: WTO
Trade growth should rebound to 3.2% in 2024 as GDP growth picks up to 2.6%, but this estimate is more uncertain than usual due to the presence of substantial downside risks, including rising geopolitical tensions and global food insecurity, the trade body said.
1 min read5 Apr 2023India has much to gain from helping Sri Lanka
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5 Apr 2023India has much to gain from helping Sri Lanka | Mint Primer | Mint
After China, Sri Lanka’s last major creditor, agreed to restructure its bilateral debt, the IMF gave the island nation a $3 billion conditional loan to access $4 billion from other multilateral lenders. The IMF has disbursed $333 million, the first tranche of a four-year loan, if Sri Lanka implements its reform package. The Sri Lankan envoy, who met India’s finance minister Nirmala Sitharaman, noted that India was the first bilateral creditor to restructure its loan.
5 Apr 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared