Archive for September, 2010


THE 2008 ECONOMIC RECESSION AND ASIA

THE 2008 ECONOMIC RECESSION AND ASIA THE  2008  ECONOMIC  RECESSION  AND  ASIA ORIGINS  OF  THE  CRISIS The immediate cause or trigger of the crisis was the bursting of the United States housing bubble which peaked in approximately 2005–2006.High default rates on “subprime” and adjustable rate mortgages (ARM), began to increase quickly thereafter. An increase in [...]

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