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2008 Financial Crisis – Causes and historical context

Tom Spencer

Many an economics and finance course later, I see that the layers of complexities to the 2008 financial crisis are innumerable. Once the housing market began to collapse, mortgages defaulted, and MBS began to fail. We were shocked, how could no one have seen the collapse coming? It all seemed so clear.

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Is the Stock Market in Big Trouble?

The Fearless Marketer

Do you remember the stock market crash of 2008? On Monday, September 29, 2008. The Dow Jones Industrial Average fell 777.68 On Monday, September 15, 2008, Lehman Brothers declared bankruptcy. On Monday, September 15, 2008, Lehman Brothers declared bankruptcy. And I never trusted the stock market after that.

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A New Quest for Consultancy: Transitioning from Just-in-Time Logistics

Tom Spencer

For instance, in the lead up to the 2008 Great Recession, McKinsey actively promoted mortgage securitization , alongside EY which was involved with Lehman Brothers’ accounting fraud allegations [pdf]. The 2008 meltdown highlighted harmful practices in the financial sector, such as credit default swaps and collateralized debt obligations.

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A Fuller Picture of Special Services: A Critique of the Big Four

Tom Spencer

Despite this rosy picture, it is apparent that the opulence and prestige of this distinguished group of firms derives both from their overly privileged market position and conflicts of interest embedded deep within the industry. They dominate the upper echelons of the industry, which tends to undermine auditor independence.

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Globalisation + China = Good news for the consulting industry

The Source

As for nuclear warfare, the professor argued that world economies are now far too interconnected for any one country to have anything to gain by blowing anyone else up—in fact they have everything to lose by doing so—and that’s thanks to globalisation.

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Caution Ahead: Construction Related Business are Swamping the Market

Martinka Consulting

Fact 1: In my 20+ years as an intermediary I have never seen so many construction related businesses on the market. Fact 3: We all know what happened in 2008. The seller recognizes it’s a market at a peak. The post Caution Ahead: Construction Related Business are Swamping the Market appeared first on Martinka Consulting.

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Are Your Values Worth the Paper They’re Printed On?

Markovitz Consulting

And clearly, the stress is exponentially worse for companies in industries like travel and leisure that aren’t thriving in the current environment. When the firm lost 30% of its orders overnight in 2008, the CEO asked everyone to take a month off without pay, rather than laying off one-third of the workforce. Toyota does.

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