This document summarizes Hyman Minsky's warnings about the inherent instability of financial systems and deregulation. It discusses how Minsky's ideas were ignored prior to the 2008 financial crisis. It then analyzes the poor response to the crisis and advocates for stronger regulation and helping homeowners instead of banks to avoid a lost decade of high unemployment and inequality.
The Great Depression - Presentation (Macroeconomics Perspective)Arjun Parekh
This brief presentation on 'The Great Depression' has been made from the point of view of understanding Macroeconomic factors that played an important role.
The Great Depression - Presentation (Macroeconomics Perspective)Arjun Parekh
This brief presentation on 'The Great Depression' has been made from the point of view of understanding Macroeconomic factors that played an important role.
The global financial crisis, brewing for a while, really started to show its effects in the middle of 2008. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems.
On the one hand many people are concerned that those responsible for the financial problems are the ones being bailed out, while on the other hand, a global financial meltdown will affect the livelihoods of almost everyone in an increasingly inter-connected world. The problem could have been avoided, if ideologues supporting the current economics models weren’t so vocal, influential and inconsiderate of others’ viewpoints and concerns.
This presentation provides an overview of the crisis with links for further, more detailed, coverage at the end.
A crisis so severe, the world financial system is shaken…
Attached is a wonderful presentation by the wizard financial analyst and writer Arif Anees. Hope you'd all relish this rare stuff..
Advising clients, whether administrative or financial: Life is a tree with different branches of experience, different leaves of stories, different flowers of feelings, different roots of teachings of gaining and losing and...
I have the permission of David M Pidcock to share this book here. Any interested in reforming finance system should be reading this. David M Pidcock advised Mahatir Mohammad for not listening to World Bank.
The global financial crisis, brewing for a while, really started to show its effects in the middle of 2008. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems.
On the one hand many people are concerned that those responsible for the financial problems are the ones being bailed out, while on the other hand, a global financial meltdown will affect the livelihoods of almost everyone in an increasingly inter-connected world. The problem could have been avoided, if ideologues supporting the current economics models weren’t so vocal, influential and inconsiderate of others’ viewpoints and concerns.
This presentation provides an overview of the crisis with links for further, more detailed, coverage at the end.
A crisis so severe, the world financial system is shaken…
Attached is a wonderful presentation by the wizard financial analyst and writer Arif Anees. Hope you'd all relish this rare stuff..
Advising clients, whether administrative or financial: Life is a tree with different branches of experience, different leaves of stories, different flowers of feelings, different roots of teachings of gaining and losing and...
I have the permission of David M Pidcock to share this book here. Any interested in reforming finance system should be reading this. David M Pidcock advised Mahatir Mohammad for not listening to World Bank.
In this file, you can ref cover letter materials for qc such as cover letter samples, cover letter tips, resume samples, types of interview questions, qc situational interview, qc behavioral interview…
Wir produzieren ihrer Marke und ihrer Markensprache treu bleibende visuelle İnhalte wie Fotografie, Stop-Motiopn, Video, Animation usw. und halten sie auf dem sozialen Trend.
Enterprise Liquidity Risk: Overcoming the challengesCognizant
Given the vastness of today's global financial system and the volume and complexity of data that financial institutions must deal with every day, firms must learn how to proactively manage liquidity risk and avoid the pitfalls that sparked past financial crises. Predictive analytics and advanced risk-monitoring systems are among the tools available to help these institutions overcome the challenges of doing business in an increasingly connected world.
The Economic Crisis of 2008 (US Housing Bubble) - Inside Job Movievalliappan1991
This document clearly narrates the events that led to the economic crisis of 2008 resulting in a global recession. In 2008, many global banks collapsed and had to be bailed out by the US government.
A controversial paper on what created the next potential depression of 2008. Many hours was conducted researching the causes of the economic collapse in 2008. The question might be asked, could we see this happen again?
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
6. The stabilizing institutions of the FDR era had
been circumvented by the shadow banking system.
Regulation had not kept up with “innovations”.
Instead regulations were slowly dismantled, on the
erroneous and dogmatic belief that ‘free’ markets
are self-regulating.
Unfortunately, Minsky’s warnings were ignored
by everyone.
7. An important attempt to regulate derivatives in
1998:
Brooksley Born, CFTC
Frontline: available on PBS
8. In wake of the Asian
crisis of 1997
Greenspan & Co.
seemed invincible
9. Summers: "we start with the idea that you
can't repeal the laws of economics. Even if
they are inconvenient.“
However, he forgot the Greenwald-Stiglitz
theorem (1986)
10. “Rubin, Greenspan and Summers’s… faith is in the
markets and in their own ability to analyze them.
11. “Their success has turned them into a kind of free-market
Politburo on economic matters.”
Their Ideology: “Regulation is superfluous.”
18. Warren Buffett to his stockholders, Berkshire
Hathaway‘s 2002 ANNUAL REPORT:
History teaches us that a crisis often causes
problems to correlate in a manner un-dreamed of
in more tranquil times…
In our view, derivatives are financial weapons of
mass destruction, carrying dangers that, while now
latent, are potentially lethal.
19. John Cassidy, “Blowing Bubbles” New Yorker July,
2004:
“Given Greenspan’s role in promoting and prolonging
the stock-market bubble that burst in 2000, the
deference that surrounds him seems a little
overdone…
even some of Greenspan’s colleagues are concerned
that one bubble has given way to another…
[Yet,] Greenspan refuses to contemplate such a
catastrophe. On Capitol Hill recently, he insisted that
the economy ‘seems to be on track.’”
20.
21. Robert Shiller warned in June 2005 that, “The
[housing] market is in the throes of a bubble of
unprecedented proportions that probably will end
ugly.”
Robert Shiller, “The Bubble’s New Home,” Barron’s,
June 20, 2005.
22. In August 2005 Paul Krugman argued that there was
definitely a housing bubble on the coasts and that,
indeed, the air had already begun leaking out.
Paul R. Krugman, “That Hissing Sound,” The New
York Times, August 8, 2005.
23. WSJ article 2007 on Edward Gramlich:
Edward Gramlich, Fed governor from 1997 to 2005,
said he proposed to Mr. Greenspan around 2000, when
predatory lending was a growing concern, that the Fed
use its discretionary authority to send examiners into
the offices of consumer-finance lenders.
24. Knowing it would be controversial with Mr.
Greenspan, Mr. Gramlich broached it to him
personally rather than take it to the full board.
"He was opposed to it, so I didn't really pursue it,"
says Mr. Gramlich, a Democrat who was one of seven
Fed governors.
26. 1.Slow realization of the danger.
Models were predicting that all
was well.
Bernanke resisted policy change.
27. 2. Their models said diversification is
good.
Instead the innovations were
spreading risk all over the globe.
Subprime mortgages of $3 trillion
was not a big deal.
28. 3. They continued to use wrong
models.
4. During the crisis the main focus was
on Wall Street which did recover.
5. Very little attention paid to “Main
Street.”
29. 6. The same economists were put in
charge who wrecked the ship in the
first place.
7. We are now six years into a “lost
decade” which will become more like
a lost generation and a turning point.
30. 8.”Market discipline thing of the
past.” Moral hazard rampant.
9. Banks are more powerful than ever
before.
10. Inequality exacerbated by the
bailouts.
32. 1) Nationalize the insolvent Banks.
We would not have had to pay bonuses.
1) Break up the Banks and privatize them.
No more TBTF
2) Regulate banks
Glass-Steagall
Eliminates “Doom Loop”
No more Moral Hazard
33. 4) Help mortgage owners.
Bailout Main Street.
TARP money to home owners.
No more toxic assets,
Increase aggregate demand.
Recession milder and over by 2010
Hence, no Republican majority in Congress.
No Tea Party.
34. 5) Fiscal Policy
This is trickle up economics and is similar to FDR’s
New Deal: Attack the source of the problem
directly.
Do not aid the banks in the hope that they, in turn,
will help homeowners.
That is too indirect and risky.
No guarantee that they will do it
35.
36. A Dozen Stuctural Challenges to the U.S.
Economy:
1) Government Budget Deficit
2) Large Private Debt
3) Foreign Trade Imbalance
4) Endemic long-term Un(der)employment
5) Obscene Inequality
37. 6) Political stalemate
7) Military challenges around the globe
8) Stagnating or declining wages
9) New historical epoch is difficult to recognize
and comprehend the turning point or tipping
point.
38. 10) Slow growth / no growth
11) Economic theory inadequate to solve the
crisis
12) Financial sector is like a cocoon, decoupled
from the real economy.
14) GNP decoupled from unemployment
13) Pres. Obama’s lack of experience
39. Larry Summers: Secular Stagnation
Paul Krugman: Sour Economy
Low level Depression
Robert Gordon: The 99% will have 0.2% growth
42. The tax returns of the superrich
% of all Number of Total Income Average % of total
returns returns ($ Trillions) $ income income
(000) (000)
Top 0.5% 730 1.1 1,507 14
Top 2.8% 3,900 2.0 513 26
Source: IRS
http://www.irs.gov/taxstats/indtaxstats/article/0,,id=96981,00.html
43.
44. Median Income of Full-Time Year-Round Workers by Gender in
2010 Dollars