Financial crisis of 2007–2008

China's main state broadcaster on Aug. 31 paraded a financial journalist "confessing" to causing the stock market "great losses" as authorities seek to rein in a rout on the exchanges.
 

Global trade has contracted to the lowest levels seen since the 2008 financial crisis, according to a report released Aug. 26 by the World Trade Monitor.

Trade momentum was minus 0.5 percent in June, and minus 1.6 percent in May. Import momentum was negative or zero in all major regions.

Bad news on the Turkish economy keeps coming, one after the other.

While everything in the global financial system is working against us, the political crisis and the terrorism incidents fuelled by that crisis have tremendously increased economic uncertainty.

Turkey?s banking system needs to prepare for an end to rapid lending growth and faces some risk from rising external funding needs, while western Balkan banks may struggle with bad loans, an ECB paper says.

China is under growing pressure to further stimulate its economy after disappointing data over the weekend showed another heavy fall in factory-gate prices and a surprise slump in exports.

Producer prices in July hit their lowest point since late 2009, during the aftermath of the global financial crisis, and have been sliding continuously for more than three years.

Chinese stocks plunged on July 8 after the country's securities regulator warned investors were in the grip of "panic sentiment" and the market showed signs of freezing up as firms scrambled to escape the rout by having their shares suspended.

Central banking is difficult. It requires bankers not only to plan for how they think the future is going to play out, but plan for how they fear it might play out, too. But even the best plans won?t be enough if central bankers don?t know how to talk about them.

The Financial Times puts the Greek crisis in perspective with this chart showing how the Greek crisis ranked compared to others in history.

New Madrid mayor, former judge Manuela Carmena, announced that the first measures she will be implementing once taking up her duties as mayor are to ensure that children are properly fed. She will also combat the wave of evictions of overtaxed citizens in the city who have been hurt by the financial crisis.