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Immediate triggers of the financial crisis?
Issue
1
#7016
What were the immediate triggers of the current financial crisis?
CONTEXT
(Help)
-
The Global Financial Crisis »
The Global Financial Crisis
The Global Financial Crisis☜Exploring the causes, consequences and responses to the global financial crisis. ☜F1CEB7
■
Immediate triggers of the financial crisis?
Immediate triggers of the financial crisis?☜What were the immediate triggers of the current financial crisis?☜FFB597
●
Agency Problem »
Agency Problem
Agency Problem☜☜FFB597
●
Bubble in US house prices collapsed »
Bubble in US house prices collapsed
Bubble in US house prices collapsed☜The bubble in US house prices—which had seen house prices grow at an anualized rate of 8% between 1998 and 2006—collapsed in 2006/07 as the supply of easy credit began to dry up.☜59C6EF
●
Foreign governments fled US agency bonds »
Foreign governments fled US agency bonds
Foreign governments fled US agency bonds☜Foreign governments, whose purchases of Freddie Mac and Fannie Mae agency bonds had helped to sustain the house price bubble in the US, began flee over the summer from the agency bonds to the US Treasury bonds guaranteed by the US government.☜59C6EF
●
France loses its AAA, Germany can't support € alone. »
France loses its AAA, Germany can't support € alone.
France loses its AAA, Germany can't support € alone.☜☜59C6EF
●
Pathology in the Credit Default Swaps market »
Pathology in the Credit Default Swaps market
Pathology in the Credit Default Swaps market☜Credit Default Swaps, which originated as legitimate finance instruments that acted as a kind of insurance (offsetting risk in return for a premium), morphed into something more akin to high stakes gambling.☜59C6EF
●
Sudden evaporation of market confidence/trust »
Sudden evaporation of market confidence/trust
Sudden evaporation of market confidence/trust☜Confidence/trust in the ability of others to pay debts suddenly evaporated from the market: with the result that few are willing to risk lending any one else any money.☜59C6EF
►
Background to the global financial crisis? »
Background to the global financial crisis?
Background to the global financial crisis?☜Whats the background to the global financial and economic crisis?☜FFFACD
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+Citations (
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[1]
Author:
Nouriel Roubini
Cited by:
David Price
11:33 AM 13 October 2008 GMT
Citerank:
(1)
7157
Driven deeper by vicious circle of losses fueling further losses
A vicious circle of losses, capital reduction, credit contraction, forced liquidation and fire sales of assets at below fundamental prices will engender a cascading and mounting cycle of losses and further credit contraction.
11
98CE71
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
NodeID:
#7016
Node type:
Issue
Entry date (GMT):
10/6/2008 9:45:00 PM
Last edit date (GMT):
4/18/2023 3:19:00 PM
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