When the stock market went crazy, a recession-induced plunge in housing prices and a subsequent boom in credit caused the real estate bubble to burst

NEW YORK — The housing bubble burst in 1987, sending the U.S. economy into a recession.The stock market crash that followed, which followed the dot-com bust, brought about a recession and plunged millions of Americans into deep debt.Today, the real-estate bubble has burst, the stock markets are back up and Americans are once again enjoying […]

How Bosnia and Herzegovina got from $10 to $10,000 in cash thanks to a Bosnian gold mine

By Simon MacGregorBOSNIA, March 15 (Reuters) – Bosnia and Hercegovina has the second largest gold mine in the Balkans, according to official statistics, and many in the West see it as a major development in the region.The mine, owned by Serb-owned Bajaj Copper, is the second-largest in the world, according the World Gold Council.It has […]