Debtonation

AAA

DEFINITION of 'Debtonation'

A financial blog that documents the financial crisis that began in the late 2000s as a result of the subprime mortgage meltdown. The blog, at www.debtonation.org, is run by Ann Pettifor, an economist who claims to have predicted the crisis back in 2003.

INVESTOPEDIA EXPLAINS 'Debtonation'

Among other accomplishments, Pettifor is a fellow of the New Economics Foundation, a U.K.-based think tank focused on social justice, environmental sustainability and collective well-being. She is also the co-author of "The Green New Deal", a book about the relationship between the financial crisis, climate change and oil depletion.

RELATED TERMS
  1. Economist

    An expert who studies the relationship between a society's resources ...
  2. Debt

    An amount of money borrowed by one party from another. Many corporations/individuals ...
  3. Credit Crisis

    A crisis that occurs when several financial institutions issue ...
  4. Housing Bubble

    A run-up in housing prices fueled by demand, speculation and ...
  5. Bubble

    1. An economic cycle characterized by rapid expansion followed ...
  6. Debtor Nation

    A nation with a cumulative balance of payments deficit. A debtor ...
RELATED FAQS
  1. No results found.
Related Articles
  1. Insurance

    The Causes And Effects Of Credit Shocks

    These shocks cycle through history. Find out what you need to know to avoid the alarm bells.
  2. Bonds & Fixed Income

    5 Signs Of A Credit Crisis

    These indicators can illuminate the depth and severity of problems in the credit markets.
  3. Retirement

    The Bright Side Of The Credit Crisis

    Find out how this tough economic period can be a learning experience for all.
  4. Options & Futures

    Dialing In On The Credit Crisis

    Would a similar crisis have occurred if iPhone investors were offered the same loan options as homeowners?
  5. Investing

    3 Major Risks For Annaly’s Investors

    Thanks to its double-digit dividend yield, Annaly Capital Management has long been a favorite among income-seeking investors.
  6. Investing

    Looking To Invest In the Third-Largest Pharmacy?

    Rite Aid Corporation's $4 billion purchase of the Eckerd retail pharmacy chain during the Great Recession might not have been its savviest decision.
  7. Credit & Loans

    Which Is One Of The Nation’s Safest Banks?

    While there's no such thing as a completely safe bank stock, it's hard to find one that comes closer to the mark than New York Community Bancorp .
  8. Economics

    Afraid Of A New Financial Crisis?

    It may be time for the U.S. to adopt a model for financial companies that better deters risky financial behavior.
  9. Personal Finance

    Will Your Net Worth Be Affected By A Recession?

    Here's a look at how a potential recession could impact your net worth in a negative way.
  10. Economics

    The New Global Banking Regulations To Avert Future Crisis

    These are the types of policies that are being developed to minimize the risks posed to the global financial system by banks which are too big to fail.

You May Also Like

Hot Definitions
  1. Sunk Cost

    A cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business ...
  2. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, engineering, scientific or computer-related duties, as ...
  3. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
  4. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
  5. Cost Accounting

    A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step ...
  6. Law Of Supply

    A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity ...
Trading Center