Did I Predict the Global Financial Crisis?

Did I Predict the Global Financial Crisis?

Commentary The 2008 recession, known as the “Global Financial Crisis” (“GFC”) outside the USA and the “Great Recession” inside, was the biggest economic crisis since the Great Depression, and before the COVID-19 recession. It was also caused by the financial sector—which is obviously a part of the economy—rather than by an “exogenous shock” (something emanating…

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German Navy Chief Resigns After Saying Ukraine Won’t Get Crimea Back And Putin ‘Probably’ Deserves Respect

German Navy Chief Resigns After Saying Ukraine Won’t Get Crimea Back And Putin ‘Probably’ Deserves Respect

Topline Germany’s top naval officer stepped down Saturday following comments he made about Russia, including a call to show respect to Russian President Vladimir Putin and claiming Ukraine would never win Crimea back from Russia. Key Facts Vice Admiral Kay-Achim Schoenbach apologized for his “rash” comments and said they were a mistake in a tweet,…

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