There are several days of 2011 left. Though the whole year, there have been many economic happenings like Euro zone on the brink, crazy increase in gold, housing depression, unemployment, and even Steve Jobs’ death. Let’s dig through the files and list the outstanding business stories of the past year.
The Euro Zone has been struggling with sovereign debts. Government debt, deficit spending, and private sector borrowing are the norm in most western countries. From late 2009, fears of sovereign debt crisis developed among investors. Their concerns intensified early 2010. Recently, it was reported that Standard & Poor’s was likely to downgrade France by Christmas, Moody’s reduced Belgium’s credit rating, and Fitch put Spain, Slovenia, Ireland, Italy, and Cyprus on its negative watch list.
Europe on the Brink
The world’s stock markets have dived deeply.
Many municipalities’ revenues and spending commitments were hit by unemployment and housing slump. Harrisburg was one of many cities struggling with bankruptcy.
Housing depression
There was a high-sky increase in the gold price. Investors bought gold as it’s seen as a relatively stable asset to hold during uncertain economic times. This commodity has been used as a hedge against currency movements and inflation.
There was a high-sky increase in the gold price.
Steve Jobs’ death was disheartening when it came. The death of innovative co-founder of Apple is an extremely tremendous loss, not only to Apply but also to American industry and hundreds of millions of people around the world.
Steve Jobs’ death was disheartening when it came.
2011 economic review
Related links:
Famous Self-made Millionaires: Catherine L. Hughes, Bert Jacobs, Ali Brown
Outstanding Business Stories of 2011