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Great Recession ~ 2007-2010

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BlueAlien   Wednesday, 03/22/17 06:19:02 PM
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Great Recession ~ 2007-2010

The Great Recession was related to the financial crisis of 2007–08 and U.S. subprime mortgage crisis of 2007–09

The Great Recession has resulted in the scarcity of valuable assets in the market economy and the collapse of the financial sector in the world economy.

contraction phase of a business cycle

The Great Recession met the IMF criteria for being a global recession

Another narrative focuses on high levels of private debt in the US economy. USA household debt as a percentage of annual disposable personal income was 127% at the end of 2007, versus 77% in 1990.

https://en.wikipedia.org/wiki/Great_Recession




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