THE ECONOMIC RECESSION

THE ORIGIN OF THE FINANCIAL BEGAN WITH THE SUBPRIME OR MORTGAGE CREDIT RISK, AS THE MORTGAGE INDUSTRY IN THE UNITED STATES HAD BEEN ONE OF THE DRIVERS OF THE ECONOMY, BUT THIS TIME NO EFFECT MEASURED AS THE GOVERMENT OF THE UNITED STATES BEGAN EXTEND CREDIT TO PEOPLE WHO DON´T QUALIFY, AWARD INTEREST VARIABLES AND SENIOR.

BANK LENDING TO ALLOW AN EXPANSION OF LOW INTEREST RATES THIS CAUSES THAT A EFFECT OF SNOW BALL AND PRICES AS A RESULT OF BANKS VALI MUCH LESS THAN THE THEY BELIEVED, AND PROVIDES A PROBLEM OF INSOLVENCY AND STOPPED THE LOANS.

ALSO ANOTHER CONSEQUENCE OF THIS EVENT IS THE BEGINNING GIVE A BANKRUPTCY OF THE INVESTMENT BANKS IN THE UNITED STATES FOR EXAMPLE BANK LEHMAN BROTHERS WHICH REPRESENTS ABOUT 600 BILLION. THE INVESTORS TO THIS CRISIS IS BACK PESSIMISM AND STOPPED CERTAIN ACTIONS TO INVEST IN GLOBAL TOTAL GOES TO THE BANKRUPTCY.

FINALLY, ALL THE POOR MANAGEMENT IN THE FIELD THAT CAUSES A EFFECT OF SNOW BALL AFFECT PRICES OF OIL AND FOLLOW SINCE THEY DROPPED. WE HAVE SEEN BANKRUPTCY BANKS AND HAS CREATED THIS CRISIS PANIC AND NOT JUST BAD CONSEQUENCES FOR UNITED STATES BUT FOR THE MARKETS ASIA, EUROPE AND AROUND THE WORLD.