The program "at first triggered an asset bubble and brought about an economic euphoria," Mr. Kono said.
These recessions were triggered by asset-price collapses that led to massive losses in the banking sector, and all were especially deep downturns with slow recoveries.
Blackstone also posted $124.1 million in negative revenue, as management fees were more than offset by the reversal of performance fees triggered by declining asset values.
"I think the market is getting over the scare about any Fed action triggered by an asset price bubble," said Barry Hyman, senior market analyst at Ehrenkrantz King Nussbaum.
Note that leaving out the extra condition (3) in the initial step may lead to an incorrect result if the contagion cascade is solely triggered by the asset price effect.
It's quite instructive – to me, anyway – that if you're persistent and genuine, and you offer something people want, then things can change". The first sign that landlords C&C had new plans for the building came in November of 2016, when they triggered a community asset lock, beginning the process for selling the building.
A parade of other prominent football players have lined up behind him, and the news of the seizure of his assets triggered a flood of sympathetic posts on social media.
Large-scale downgrades over the summer and fall of that year "shocked the financial markets, helped cause the collapse of the subprime secondary market, triggered sales of assets that had lost investment-grade status and damaged holdings of financial firms worldwide," according to a memo summarizing the panel's findings.
In 1992 realized capital gains (triggered by selling an asset, such as a business or stock) accounted for 33% of the adjusted gross income of the average magnate.
Unlike in the United States and Europe, the Asian banking sector remained stable throughout the financial crisis — mostly because the banks avoided the toxic U.S. mortgage-related assets that triggered huge write-downs elsewhere.
