Articles about economics
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09.09.2014 13:55
U.S. National Debt
Despite the program for reduction of the national debt amount implemented by Barack Obama government, the majority of analysts share the same opinion: the total debt amount will only increase as in absolute amount, so in regard to GDP. Acco...
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01.09.2014 08:26
Mortgage crisis: Consequences
Just in 2013, the number of the unemployed in the world grew by 5 million people; and by the results of the same year, more than 200 million didn't have a job. More than five years after the mortgage crisis and 2008 economic crisis that...
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21.08.2014 00:25
Mortgage Crisis in the USA
The crisis resulted in the reduction of the value of American’s pension accruals - from 2006 to 2008, the aggregate volume of those accruals decreased by 22% - by 1.3 trillion dollars. The total amount of other private investments and ...
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07.08.2014 14:51
Reasons of American Mortgage Crisis
By 2006, the fifth part of all mortgage loans issued in the USA fell under the "substandard" category, i.e. that had a high default risk. In this regard, the total volume of funds of distributed mortgage loans was around 73% o...
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