{"id":111838,"date":"2019-10-24T00:28:59","date_gmt":"2019-10-23T17:28:59","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/ignoring-the-lessons-of-the-financial-crash-letters\/"},"modified":"2019-10-24T01:06:54","modified_gmt":"2019-10-23T18:06:54","slug":"ignoring-the-lessons-of-the-financial-crash-letters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ignoring-the-lessons-of-the-financial-crash-letters\/","title":{"rendered":"Ignoring the lessons of the financial crash | Letters"},"content":{"rendered":"


\nMistakes that led to the 2008 financial crisis are about to be repeated, fears Milan Bollecker, while David Reed is worried by the economic impact of soaring property pricesHistory never repeats itself but, according to the IMF, it might this time (Red alert as world ignores history lesson, 17 October). Despite countless publications and studies related to the 2008 financial crisis and its effect on the whole economic system, politicians, central banks and economic institutions seem to keep using the same logic that they used 10 years ago.The decrease in interest rates caused by central banks\u2019 policies provoked the boom of private debt held by companies. Together with the constant diminution of companies\u2019 abilities to repay their debts, this presents a clear underlying problem and a terrible outlook of a new global economic crisis. By favouring short-term decisions and policies in order to maintain growth at an acceptable rate as the recent IMF report proves, central banks keep committing the same errors. Will the world economic system be able to avoid another crisis if we continue to accumulate more and more risk factors?Milan Bollecker Paris, France Continue reading…
\n
\nSource : theguardian.com
\nRead more…Ignoring the lessons of the financial crash | Letters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Mistakes that led to the 2008 financial crisis are about to be repeated, fears Milan...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-111838","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-t5Q","jetpack-related-posts":[{"id":48186,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-the-worlds-central-banks-have-set-interest-rates-since-the-financial-crisis-in-one-chart\/","url_meta":{"origin":111838,"position":0},"title":"How the world's central banks have set interest rates since the financial crisis – in one chart","date":"March 15, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...How the world's central banks have set interest rates since the financial crisis - in one chart","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97592,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/extended-cut-sorkin-interviews-buffett-on-the-2008-financial-crisis\/","url_meta":{"origin":111838,"position":1},"title":"Extended cut: Sorkin interviews Buffett on the 2008 financial crisis","date":"September 11, 2018","format":false,"excerpt":"\r When the banks began to fail in 2008, executives turned to Warren Buffett in a plea for last-minute funding. He later called what would happen next an \"economic Pearl Harbor.\"\u00a0\r \r Source : cnbc.com\r Read more...Extended cut: Sorkin interviews Buffett on the 2008 financial crisis","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4065,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-unchanged-lending-standards-mean-for-philippine-real-estate\/","url_meta":{"origin":111838,"position":2},"title":"What unchanged lending standards mean for Philippine real estate","date":"February 8, 2016","format":false,"excerpt":"\r Rates for the previous 13 quarters were constantly revised and tightened Image courtesy of GMAnews.tv Lending rates in Philippine banks for the commercial real estate and housing sectors remained unchanged in Q4 2015, reflecting stability in the property industry. Citing a recent survey conducted by the Bangko Sentral ng\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/02\/GMAnewstv.jpg?fit=740%2C490&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":34954,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-big-short-is-the-next-financial-crisis-on-its-way\/","url_meta":{"origin":111838,"position":3},"title":"The Big Short: is the next financial crisis on its way?","date":"November 19, 2016","format":false,"excerpt":"\r Steve Eisman saw the last crash coming and was portrayed in an Oscar-winning film. Now he believes Europe\u2019s banks, especially Italy\u2019s, are at riskIn the Oscar-winning The Big Short, Steve Carell plays the angry Wall Street outsider who predicts (and hugely profits from) the great financial crash of 2007-08.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115318,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/covid-19-individuals-can-seek-to-defer-property-loan-insurance-premium-payments\/","url_meta":{"origin":111838,"position":4},"title":"COVID-19: Individuals can seek to defer property loan, insurance premium payments \u00a0","date":"April 1, 2020","format":false,"excerpt":"\r \u00a0 Homeowners will soon be able to apply to their banks to defer repayments of property loans until 31 December this year, as part of the measures unveiled by the Monetary Authority of Singapore (MAS), in partnership with the financial sector, to help ease the financial burden brought about\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66260,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uks-banks-ill-prepared-for-another-financial-crisis-warns-think-tank\/","url_meta":{"origin":111838,"position":5},"title":"UK's banks ill-prepared for another financial crisis, warns think tank","date":"September 13, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...UK's banks ill-prepared for another financial crisis, warns think tank","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111838"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=111838"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111838\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=111838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=111838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=111838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}