Cash for Wall Street Crash

Thursday 6th May, the New York Stock Exchange plummets 1,000 points; a historical first. By the Monday it recovers and a further 400 points are added. Spikes in graphs don’t get any sharper. In four days $3.7 trillion has disappeared into a black hole....

$1.3 trillion in American wealth wiped out in 1Q

The US saw its household wealth lose $1.33 trillion in the first three months Share

IMF: Economic crisis to cost $4 trillion

The IMF has calculated that global losses from the financial crisis could rise to $4 trillion. While some are already talking about recovery and others promoting “glimmers of hope”, the IMF warned that “the challenges to restoring...

Japan announces 10 Trillion Yen stimulus package

Japan announced Sunday that it would roll out a fiscal stimulus of 10 trillion yen Share

$50,000,000,000,000 wiped out

A report claims that $50 trillion worth of financial assets have been wiped out in 2008 Share

Credit Crisis Cost Tops $1 Trillion

An insightful article on Bloomberg.com reveals how the credit crisis cost has now topped $1 trillion. “Losses and writedowns from the credit crisis Share