The True Origins of the Sub-prime Economy [PART TWO]

[citizen247]

Breadcrumbs

So how did the market get into a situation where minor downturns could cause such a relatively sudden and major avalanche? As noted earlier, the markets reached their current state through an over reliance on credit based on an assumption that the underlying securities would continue to appreciate in value. When the securities began to

Comments

[wildigital]

Yes, the weakening of financial regulations has brought about financial instability, recession, immense damage to Governments worldwide and widespread tightening of credit. But on the flip side, it may lead to the destruction of Manchester United so let's not be too harsh.

Fascinating pieces btw, lots of lovely background info.

[citizen247]

Yes but so would detonating a multikiloton warhead in Manchester, and that would be win-win.