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THE CAUSES OF THE SUB PRIME CRISIS

The Breakdown of the Global Financial System Excessive Public Spending and Excessive Growth of Government Oversupply of US Dollars Contributing to the Soaring of Housing Prices Oversupply of US Dollars Distort Real Economy

Excessive Public Spending and Excessive Growth of Government


FIGURE 1: Public Debt in USA (in USD)

Oversupply of US Dollars Contributing to the Soaring of Housing Prices

Housing Price Increase over the Previous Year

Oversupply of US Dollars Distort Real Economy

IMPACTS OF SUBPRIME CRISIS


The Bursting of the Housing Bubble The Rapid Increase of Unemployment The Broken Dream of Homeownership Impact on International trade

The Bursting of the Housing Bubble

The Rapid Increase of Unemployment

The Broken Dream of Homeownership

Impact on International trade

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