The financial crisis is "over". Tuesday afternoon, Wall Street returned to the level of the Lehman bankruptcy September 2008. But the real problems is far from over.
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Sverre Rrvik Nilsen
Updated: 12/22/2010 at. 7:13
Posted: 22/12/2010 at. 7:05
The brutal downturn that hit the stock market after the U.S.
investment bank Lehman Brothers filed for bankruptcy in 2008, recovered
in the U.S..
Lehman Brothers shares were traded normally last 12 September 2008. When
standing stock, cheap guild wars 2 gold, index S & P 500 at 1251.70 points. Then the market collapsed
bankruptcy of a large bank.
The road to this day has been one of the most extreme in the story. First
half the estimated value of the shares on Wall Street itself, before we saw one of the
aksjerallyene strongest ever.
Tuesday morning U.S. time 21 December, all points bulletin cash, 2010 rose S & P 500 index
for the first time above the level before Lehman Brothers triggered the financial crisis.
- Lehman Brothers was really the starting point for all the fear in the market, and
we still have not overcome this fear, but we are in a
healing process, "said Jeffrey Coons, who manages 35 billion dollars, to
Bloomberg.
But even if the stock market,Thousands of students demonstrate in Rome againstm, crimecraft cash, now have forgotten the financial crisis,
real economy is still ravaged by the aftermath.
Europe in freefall
Financial markets fear that EU countries will fall - one by one.
Everything from financial veddemli complex securities, interest on
State debt to credit agencies are considering how land value is pointing out that many
EU countries will need help, and the entire EU stri danger of collapse.
In the spring fell Greece. In November fell Ireland. Both countries would
defaulted on its government debt unless the EU and the IMF had constructed giant
rescue packages, and therefore was thus practically bankrupt.
Countries that are now living dangerously are Spain, Belgium, Portugal and Italy. Thus is
foundations across the EU in danger of crumble away.
It is not over. Far from there. Unfortunately. Not that debt crisis is not
are academically interesting. This is fascinating to see what is happening within
State risk. And now it happens a lot, enters E24 columnist Paul Ringholm his comment
the debt situation in Europe.
Each day, the new negative news about the EU countries. Tuesday it became clear
that the Portuguese government debt stri risk of downgrade by rating agency
Moody's.
Ironically, this will increase costs in Portuguese debt.
Record-high unemployment
It is probably the best measure of the strength of an economy, is
unemployment. In Norway, this is an insignificant problem, while the
Globally, unemployment remains at record high levels.
In the U.S. there are at least 15 million people without work, but it is considered that
there are many millions of unemployed in the dark numbers. Here
unemployment remained at around 10 percent during much of
financial crisis.
In the above European countries have large cuts led to extreme unemployment.
In May it became clear that every fifth person in Spain is free, while in
November, announced that unemployment in the euro zone is at its highest level in 12
year: 10.1 per cent.
The Norwegian Prime Minister Jens Stoltenberg, fears that the global
unemployment remains high for long.
- What started as a crisis in financial markets has changed the character to
become a crisis in the labor market with high unemployment biting her firm,
he said in an interview with Reuters in the fall.
As the financial crisis may be over, but the real economic crisis is far from
above.
More on the financial crisis:
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