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    "If you can't predict the future, then you need a system that can handle breakdown" John M. Keynes

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    "The birth of economics as a discipline is usually credited by Adam Smith, who published "The Wealth of Nations" in 1776. Over the next 160 years an extensive body of economic theory was developed, whose central message was: Trust the Market." _ Paul Krugman
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    "One fear is that foreign investors will stop buying U.S. debt, just as Washington needs to borrow more. Such a turn could lead to a dollar collapse, causing spikes in long-term rates and inflation. The less the U.S. need to borrow from abroad, the less downward pressure on the dollar - and the greater the balance in the global economy." _ James C. Cooper

US recession – 2: Finance Crisis

Posted by Robin Thieu on June 25, 2008

The US sub-prime crisis in graphics

Wednesday, 21 November 2007, 08:07 GMT

The US sub-prime mortgage crisis has lead to plunging property prices, a slowdown in the US economy, and billions in losses by banks. It stems from a fundamental change in the way mortgages are funded.

http://news.bbc.co.uk/2/hi/business/7073131.stm

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1. THE NEW MODEL OF MORTGAGE LENDING

credit crunchcredit crunch

2. THE RISE OF THE MORTGAGE BOND MARKET

mortgage bondmortgage bond

3. THE SPREADING OF SUB-PRIME LENDING

subprimesubprime

4 Responses to “US recession – 2: Finance Crisis”

  1. [...] Professional Finance Article Site: On this site, you can find all the related finance articles. You … wrote an interesting post today onHere’s a quick excerptUS recession 2 – Finance June 25, 2008 Filed under: Crisis, Finance, Recession, US — robinthieu @ 5:19 pm Tags: credit crunch, finance crisis, US recession THE NEW MODEL OF MORTGAGE LENDING [...]

  2. Nice writing style. I look forward to reading more in the future.

  3. [...] John wrote an interesting post today onHere’s a quick excerpt [...]

  4. LE BINH said

    I love vietnam.

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