25 septembre 2008

The "Subprime" ... The story of a Financial trick hiden under a humanitarian idea

There are more than a year, the crisis of mortgages with high-risk "Subprime" hit the U.S. economy and led to heavy losses for banks in the world. Losses have reached 350 billion dollars while the International Monetary Fund (IMF) said they would amount to a trillion dollars in coming years. While observers expected the decline of the effects of the crisis and the recovery of the global economy, especially after the exchange price of the dollar had increased in front of major currencies in the world and rates of inflation... [Lire la suite]
Posté par Simply Human à 21:59 - - Commentaires [0] - Permalien [#]

22 septembre 2008

Global financial crisis: Is the world going towards a return to state control on the economy?

At the time that signs showed a sort of recovery of the world economy, the dollar resumed its rise to major world currencies. But, while inflation rates in all countries fell, the world woke up on Monday, September 14th with the news of the collapse of the "Lehman Brothers" bank, one of the five largest banks in USA, because of its losses due to mortgages at a high risk "subprime" that hit the world economy during the summer of 2007. After the U.S. administration has managed to save the two... [Lire la suite]
Posté par Simply Human à 23:55 - - Commentaires [1] - Permalien [#]