Post Profile

Dumped apartment projects 'groundhog day' to global financial crisis (NZ)

``The collapse of property developments in Auckland as banks refuse to fund projects due to blowouts in construction and labour costs, is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 says John Kensington, the author of KPMG's Financial Institutions Performance Survey... Speaking to BusinessDesk, Kensington said exactly the same thing was happening at the start of the GFC.
read more


Related Posts

20 Words That Will Make or Break Financial Reform

Business & Finance : The Curious Capitalist

Derivatives, those complex exploding financial securities that were at the heart of the 2008 Lehman Brothers collapse and global financial crisis, have been at the top of bank reformers’ agenda over the past five years. Figuring out...

The End of the Global Debt System Approaches

Business & Finance : Zero Hedge

The 2008 Crisis was not THE Crisis. The 2008 Crisis was largely a banking crisis focused on securities. The REAL Crisis will hit when the bond bubble collapses. The current global monetary system is based on debt. Governments issue ...

Treasury Is Trying To Shame The SEC Into Doing Something About A Problem That Almost Brought Down The Global Economy

Business & Finance : Business Insider: Clusterstock

Yesterday, the Treasury's Financial Security Oversight Council (FSOC) tried to act on one of biggest SEC failures since the financial crisis — regulating money market funds. Back in 2008 money market funds almost brought the global ...

Guest Post: Five Years In Limbo (And Counting)

Business & Finance : Zero Hedge

Authored by Joseph Stiglitz, originally posted at Project Syndicate, When the US investment bank Lehman Brothers collapsed in 2008, triggering the worst global financial crisis since the Great Depression, a broad consensus about wha...

"The Dominoes Are Fallling": Three Largest UK Property Funds Freeze $12 Billion In Assets, More To Come

Business & Finance : Zero Hedge

As first reported last night, and following up this morning, in an episode painfully reminiscent of the Bear hedge fund "freezes" that preceded the bank's 2008 collapse and the great financial crisis, first Standard Life halted trad...


Copyright © 2016 Regator, LLC