THOUGHT FOR THE DAY

Crisis

“The crisis of today is the joke of tomorrow.”

- H.G. Wells

TOPIC OF THE DAY

Financial Crisis

The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults.

Read on.....

LATEST ARRIVALS

From Asian to global financial crisis by Andrew Sheng