Relevant:
- IMF: "In The Absence Of A Credible Plan We Will Have A Global Financial Meltdown In Two To Three Weeks"
- UN team warns of hard landing for dollar
- Eurozone meltdown 'cannot be discarded' in dangerous mix of global risks, warns World Economic Forum
- Ten years since the global financial crisis, world still suffers 'debt overhang'
- US subprime crisis costs global 7.7 trillion dollars: bank
2009-07-09 — housingwire.com
" “Triggered by difficulties in the US housing market that exposed the way that banks and other lenders had been underestimating real risks for too long,†the report continues, “the crisis spread so quickly throughout global financial markets that banking systems around the world were severely destabilised. As a result, the impact has spread beyond the financial system, hitting economic growth, prosperity and jobs throughout the world.â€"
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