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. Bubble

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

    A nation with a cumulative balance of payments deficit. A debtor ...
  5. Housing Bubble

    A run-up in housing prices fueled by demand, speculation and ...
  6. Credit Crisis

    A crisis that occurs when several financial institutions issue ...
Related Articles
  1. Insurance

    The Causes And Effects Of Credit Shocks

  2. Bonds & Fixed Income

    5 Signs Of A Credit Crisis

  3. Retirement

    The Bright Side Of The Credit Crisis

  4. Options & Futures

    Dialing In On The Credit Crisis

Hot Definitions
  1. Capitulation

    When investors give up any previous gains in stock price by selling equities in an effort to get out of the market and into ...
  2. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  3. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  4. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  5. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  6. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
Trading Center