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- Affected geographical areas: United States, United Kingdom, Japan, EuropeIndependent: Anatomy of a global credit crisis (August 22, 2007)
- Central banks lend money to local institutions to prevent collapseIndependent: Anatomy of a global credit crisis (August 22, 2007)
- Global economy slowdown is expectedIndependent: Anatomy of a global credit crisis (August 22, 2007)
- The U.S. government assigned $700 billion to bail out the nation's struggling financial institutionsIndependent: Anatomy of a global credit crisis (August 22, 2007)
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According to financial analysts, the mortgage crisis in the United States has triggered a global credit crisis, leading to diminished activity in the loan market and general economy slowdown.Independent: Anatomy of a global credit crisis (August 22, 2007)
While central banks assist local financial institutions by lending funds to pay off pressing debt, and the United States government passed an Emergency Economic Stabilization Act, the overall trust in the credit market has still been significantly damaged. The effects include slowing house prices and difficulties in obtaining loans from banks.Independent: Anatomy of a global credit crisis (August 22, 2007)
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Global Credit Crisis News
- Wikipedia: Financial crisis of 2007-2008
- New York Times: Financial Crises Spread in Europe (October 5, 2008)
- Independent: The global credit crisis has entered a new dimension (September 16, 2008)
- TIME Magazine: The Global Credit Crisis (July 20, 2008)
- Guardian: Global credit crisis intensifies (November 9, 2007)
- Independent: Anatomy of a global credit crisis (August 22, 2007)
- The Street: Jim Cramer discusses the crisis (Time: 2:50)
Global Credit Crisis Questions
Do you think, when will the global crisis will end? 2 AnswersI think most of the crisis has already ended. See, a year ago the price of a barrel of oil was $147. Now it has come down to $70-60. We'll have to see another y... read more
Which states do not face a state budget crisis? 1 AnswerThere are many states with little to no deficit. Here is a map from CNN that shows states' financial statuses: http://money.cnn.com/news/storysupplement/economy... read more
Can globalization guarantee peace? 3 AnswersNO, coz we have different religions, cultures and beliefs... and the world full of ambitious people wanting to rule over others so we have big problem in politi... read more
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George Monbiot: Credit crunch? The real crisis is global hunger... http://tinyurl.com/ygxutwx
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Comeback after it was dented by the global financial crisis last year, international credit ratings agency Moody's said in a report Monday.
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HomeLoans Tips: South Africa is not immune to the current global credit crisis, and the evidence is showing in .. http://tinyurl.com/yccf9ed
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HomeLoans Tips: South Africa is not immune to the current global credit crisis, and the evidence is showing in .. http://tinyurl.com/yccf9ed
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