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Girl's Mind
Welcome


Hello

Welcome to my blog.This is a small little space for me to express my views on certain issues.. Please comment if u have any ideas or alternative views..


US Financial Crisis
Tuesday, October 21, 2008

this is a very sad case whereby US economy downturn affects the whole world.. Lehman Brothers, such a reputable organization declared bankrupt and caused a series of breakdown in many financial institutions, including AIG, banks and almost all the companies in the world due to falling share prices in Wall Street in the past 2 weeks.. Even the central bank of many countries stepped in to intervene to help to dampen the effect of the financial crisis..

A very good case study to be researched on..

How will the collapse of a company affects the world so severely? What really happened which brought about the collapse and eventually the worsening effect of the economy?

Sigh, this is going to be worse than Asian Financial crisis 1997-98, and it is compared and referred to as serious or more serious than the Great Depression by financial analysts and also economists..

writtern @10/21/2008 04:42:00 PM

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