On Sept 15, 2008, Lehman Brothers investment bank collapsed and brought down the world's economy with it.
The recovery in housing, the stock market and the overall economy has finally gained sustainable momentum — or so it is said.
The CFA Institute Financial Analysts Journal has honored Professor Roger Ibbotson with its award for excellence in research and financial writing.
Movie making is often an insane business. But moguls turn out to be pretty rational about it according to a chapter in an upcoming economics text and a recent article in an academic journal.
Sharon Oster and William Goetzmann presented a paper, entitled “Competition Among University Endowments,” at a National Bureau of Economic Research conference in September about how the recession affected higher education.
Since the crippling of the US property market following the financial downturn, the business of real estate has changed fundamentally.
The U.S. housing recovery is a fragile one and should be spurred by reducing the role of government in the mortgage-finance system, said Robert Shiller.
Yale University economist Robert Shiller believes housing might have seen the lowest point it will for some time, but the health of the job market will be the key factor in the future direction of home prices.
As you will have noticed there’s still a certain amount of shouting going on about what precisely caused the Great Financial Crash of 2007/08.
When banks experience payment defaults to their loan portfolios it makes them question their ability to screen risky borrowers, according to research by Prof. Justin Murfin. They compensate by writing stricter loan contracts for current borrowers.