**Analysis: It is imperative that US economy should remain stable and steady. Any down trend effect would impact world wide that has been witnessed a year ago on US mortgage crisis which created a global financial crisis that hit the world in 2008, last updated June 2, 2009 with closure of thousands of multiple factories in China. Financial crises directly result in a loss of paper wealth, they do not directly result in changes in the real economy unless a recession or depression follows. Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus, however, and financial crises are still a regular occurrence around the world. DTN News remain convinced that global economic integration benefited all nations respectively. By Roger Smith DTN News Defense-Technology News
No comments:
Post a Comment