The global financial system in US, the world’s most advanced economy suffered a terrible blow out that substantially led to spread of bankruptcy in major financial institutions in different countries across the globe. The effect of the subprime crisis in US has been spreading throughout the economy; finance, services and manufacturing, and more effects are yet to be revealed.
“Why is it, that the subprime loan crisis has such a rippling effect on many sectors of the economy?”, “Why are even companies outside the USA also affected by the U.S. mortgage crisis?” In the last 7 days I received lots of emails from my subscribers asking me questions like these. Read more.....
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