Germany, the third biggest economy has fallen into recession over night as the global financial crisis continues to strike. Europe’s largest economy shrank 0.5 per cent in the third quarter, following a contraction of a revised 0.4 per cent in the second quarter. The contraction is known to be the worst than expected, analysts polled [...]

The US economy has been in turmoil for much longer than most actually know. Dating back to the horrific event of 9/11, the US have never really recovered to a feasible level and ever since, has been on a slow downward slide. Financial advisors yelling and screaming about this current time wasn’t enough for people [...]

Lehman Brothers, one of the major financial brokers in America, has been forced to file for the biggest bankruptcy in history, according to the Financial Review this morning. Lehman Brothers, the 158-year-old finance broker, had made over US$59 Billion in 2007 with it’s total assets equating over US$691 Billion in the same year. Lehman Brothers [...]