domenica 28 ottobre 2012

Post 1_Brief history of the world crisis

At the end of 2008 the world has been hit by the deepest recession since the second world war. In the origin  this recession has been a financial crisis started in the United States in the summer of 2007, then the crisis quikly spread in europe and in the worldwide. This crisis has generated in the mortgage market “subprime”, a small part of the U.S. housing market that provides loans to those who have a relatively high probability of not be able to repay. Among the main factors of the crisis are included also: the high prices of raw materials (especially oil), a global food crisis, high inflation, the threat of a worldwide recession, a credit crisis and subsequent collapse of the stock markets’ confidence. From 2010 the resumption has began primarily in the emerging economies like asiatic and latin american ones, while in advanced economies such as them of western europe countries and of U.S.A. the statistics show us that unemployment is high and it will remain still long.

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