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What was the cause of today's recession?
Subprime crisis in United states.
To know what exactly happened visit crisisofcredit.com
here you can see a video explaining how it happened
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Causes of recession today?
The American banks basically lent more money than they could or should to people they knew couldn't pay back. So when banks go bankrupt the whole world goes downnnnn.. firstly they'll try to take the...
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Why there is a recession?
This recession was first caused by banks lending money to people that weren't very likely to re-pay the money. This caused the trust in banks (by people, governemtns and other banks) to fall and now...
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What a recession?
recession is a thing that stops jobs and many things . recession is also a began in 1937
now the recession is in the united states
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What is recession?
A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. A recession is typically accompanied by a drop in the stock market, an increase in...