Economic Crisis Explained

The global economy is teetering of the verge of collapsing into a new great depression. Learn why and what's next.

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If the only effects of the financial crisis were economic, it would still be. He explained, for example, why the Home Affordable Modification.

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If you want to understand the economic crisis, there are several hundred 250-page books for you to read. If, on the other hand, you want a one-page explanation, this is it. Beginning in the 1990’s, the U.S. became infatuated with homes as investments. The government encouraged home ownership.

The financial crisis of 2007-2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the most serious financial crisis since the Great Depression of the 1930s.. It began in 2007 with a crisis in the subprime mortgage market in the United States, and developed into a full-blown international banking crisis with the collapse.

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The economic crisis is the result of a man-made mistakes in the US and the natural rise of economies in the east. Fuel prices are never going to return to the levels experienced in the past, and the world must learn to adjust to this new reality. At the same time, the credit crisis – which was created in the US – can only be solved by the US.