The Credit Cruncher
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Subprime mortgages given to borrowers with poor credit histories led to the creation of collateralized debt obligations that bundled and resold these risky loans. As interest rates rose, many borrowers defaulted on their mortgages, causing the value of these financial products to plummet. This triggered a global financial crisis as major banks and financial institutions suffered huge losses, stock markets crashed, and the US government launched a $700 billion bailout package. Economists struggled to address the crisis and its widespread economic impacts.
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Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
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What's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightnessLabour Market Information Council | Conseil de l’information sur le marché du travail
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
An Overview of the Prosocial dHEDGE Vault works
How the prosocial dHEDGE earns you money while saving the world!
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Labour Market Information Council | Conseil de l’information sur le marché du travail
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.Recently uploaded (20)
Who Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdf
Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
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Detailed power point presentation on compound interest and how it is calculated
Detailed power point presentation on compound interest and how it is calculated
1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
Seminar: Gender Board Diversity through Ownership Networks
Seminar: Gender Board Diversity through Ownership Networks
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
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STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
What's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightness
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...
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- 3. Anyone can buy a house
- 4. Subprime mortgages = greater risk of default a history of bad loans or defaults, those with a recorded bankruptcy, or limited debt experience
- 5. Sub-prime Sub-prime mortgage Sub-prime mortgage mortgage Sub-prime Sub-prime mortgage mortgage
- 6. Bankers named these “Collateralised Debt Obligations!” Note: Earlier name, “Worthless Junk”, was less popular with investors
- 7. A A A rigorous analysis by ratings agencies
- 8. US investment banks are prime movers in these transactions (‘possibly’ not a real banker)
- 9. Banks, governments, businesses around the world bought these ‘rock solid’ assets
- 10. And on it went.......
- 11. Debt assets Debt assets Debts
- 12. Until one day, when........
- 13. Honeymoon periods on sub-prime interest rates ended
- 14. Mortgage holders couldn’t pay the higher interest rate
- 16. ...instead of house $ outweighing the mortgage....
- 17. ...mortgage $ are greater than a house’s worth!
- 18. for the unknowing buyers of the Junk assets.... values and financial returns.....
- 19. are washed away
- 20. up to 100 US mortgage lenders close down and....
- 21. Value CDO’s (Junk assets) !!
- 22. Established investment banks become insolvent with a great risk of more to come!
- 23. Commercial confidence plummets
- 24. US Federal reserve launches $700b ‘rescue’ package
- 26. no longer confined to the US
- 27. it’s now more like this!
- 28. (and politicians) Economists don’t quite know what to do “I’ll count to 10, then everything will be all right!”
- 29. “Whoops, forgot to cross my fingers! I’ll try again. 1, 2, 3.......”
- 30. www.stickylearning.com.au website launching December 08 - bookmark it now!