Vortex of the Korean Financial Crisis

Korea needs to brace itself for much higher interest rates in the coming years, driven by surging inflation and monetary expansion. The nearly thirty years of declining interest rates globally are near its final stages and, in the next few years, probabilities are quite high for rapidly rising interest rates. Korea faces enormous interest rate risk for the real estate sector, not just because that sector is so highly leveraged but also because so much of the real estate debt is short-term and floating-rate based. Korea needs to reduce its dependence on floating-rate interest payments, especially household loans, of which nearly 90 percent are currently represented by floating rates. Will Korea control its debt or will debt control

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Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism

• Current Events Politics and Finance

The bestselling author reveals how the U.S. financial sector has hijacked our economy and put America’s global future at risk

In American Theocracy, Kevin Phillips warned us of the perilous interaction of debt, financial recklessness, and the increasing cost of scarce oil. The current housing and mortgage debacle is proof once more of Phillips’s prescience, and only the first harbinger of a national crisis. In Bad Money, Phillips describes the consequences of our misguided economic policies, our mounting debt, our collapsing housing market, our threatened oil, and the end of American domination of world markets. America’s current challenges (and failures) run striking parallels to the decline of previous leading world economic

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Corporate Average Fuel Economy: 1973 oil crisis, Gross vehicle weight rating, United States Court of Appeals for the Ninth Circuit, National Highway … Agency, Fuel economy in automobiles

Corporate Average Fuel Economy, 1973 oil crisis, Gross vehicle weight rating, United States Court of Appeals for the Ninth Circuit, National Highway Traffic Safety Administration, United States Environmental Protection Agency, Fuel economy in automobiles, Energy Independence and Security Act of 2007, Jevons paradox

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