Immediate triggers of the financial crisis? Issue #7016

What were the immediate triggers of the current financial crisis?
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▲Map HomeThe Global Financial Crisis
■IssueImmediate triggers of the financial crisis?
●IssueAgency Problem
●PositionBubble in US house prices collapsed
●PositionForeign governments fled US agency bonds
●PositionFrance loses its AAA, Germany can't support € alone.
●PositionPathology in the Credit Default Swaps market
●PositionSudden evaporation of market confidence/trust
►RelevanceBackground to the global financial crisis?
Citations


Author: Nouriel Roubini
Cited by: David Price 11:33 AM Monday 13 October 2008 GMT
Also cited at: 7157
URL: http://www.rgemonitor.com/roubini
Excerpt / Summary
Here are the twelve steps or stages of a scenario of systemic financial meltdown associated with this severe economic recession…

First, this is the worst housing recession in US history and there is no sign it will bottom out any time soon…
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Entered by:- David Price
Entry date (GMT): 10/6/2008 9:45:00 PM
Last edit date (GMT): 10/15/2008 8:35:00 PM
Incoming cross-relations: 0
Outgoing cross-relations: 1
Average rating: 6.5 by 2 users