article thumbnail

The US could be facing a 2008-style financial crisis. Why does Sunak want to copy it?

TheGuardian

A neoliberal Conservative analysis puts the emphasis on tech, innovation and a myth-like entrepreneurial spirit that the UK would do well to emulate. What it ignores is the way the US economy zips ahead on fantastical stock market valuations and off-balance-sheet accounting reminiscent of the years before the 2008 financial crisis.

US 105
article thumbnail

Banking Innovation Enters New Era; Consolidation Now The Rule

PYMNTS

What makes the current developments so interesting and exciting is that “we're just seeing that they're at the end of the innovation growth cycle,” he explained. All of these new FinTechs and digital innovators are changing the landscape as the role of payments rapidly shifts in the broader financial services arena.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Black Swans Are The Sandbox Of New Innovations

PYMNTS

Jim McCarthy, i2c president, says disasters often breed innovation. Black Swans Are the Sandbox of New Innovations. At the time of the black swans in 2001 and 2008, it was hard to tell anything positive was coming out of them. While it may take years, these good, innovative ideas often resurface when the time is right.

article thumbnail

What Innovators Can Learn From Netflix

PYMNTS

But the one thing that might work is taking a page from the innovation playbook that Netflix seems to have written and followed over the last 22 years. Between 2008 and 2019, the DVD rentals market dropped like a stone. In the book, he freely admits that his formula might not work for every company. I Don’t Want To, But I Have To’.

article thumbnail

America’s banking regulations strangle innovations

Chris Skinner

Whilst almost 500 banks failed in the USA between 2008 and 2012, only three new banks opened. Only three new banks have opened in the United States since 2010.

article thumbnail

Apple & Twitter are on a collision course | Sequoia Capital warns today’s downturn is worse than 2000/2008 | Impact of metaverse on digital marketing

Bussman Advisory

Sequoia Capital warns today’s downturn is worse than 2000 and 2008. The post Apple & Twitter are on a collision course | Sequoia Capital warns today’s downturn is worse than 2000/2008 | Impact of metaverse on digital marketing appeared first on Bussmann Advisory AG. More information on www.bussmannadvisory.com.

Course 97
article thumbnail

Forrester: Pandemic to impact tech spend more than 2008 crisis 

BankInovation

government and business spending on tech might drop 5% in 2020 due to the pandemic, by optimistic estimates, whereas the 2008 financial crisis spurred a 2% drop, according to Forrester Research.? “The The pandemic’s effect on tech budgets is not only more than the 2008 financial crisis, but might also have a lingering effect on […].