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Compare a US problem that caused global recession, to a single countries recession!? Or even better compare to china that might have to down grade its growth t

• golergka 11y ago
  > Compare a US problem that caused global recession, to a single countries recession!? It wasn't a single country's recession, it was connected to the Asia's earlier crisis and oil price plummeting. > I forgot what your point was... You can read it above.
  • 1stop 11y ago
    2008 was connected to 97? How? Last I checked it had nothing to do with oil, so please explain.
    • golergka 11y ago
      1998
      • AnimalMuppet 11y ago
        1stop asked for an explanation. You corrected the year, but that doesn't actually explain how you think the two are connected.
• kasey_junk 11y ago
  >Compare a US problem that caused global recession Its an extreme oversimplification to say that 2008 was a US problem. It was a problem of international finance, the bulk of which (maybe unwisely) is done via US financial institutions and with US financial products. That a problem with international finance was linked to recessions globally is not surprising. Similarly, if some systematic problem in international manufacturing appeared, the bulk of which (perhaps unwisely) is done in China, we would expect it to also have global ramifications. It turns out that a financial problem in China is currently contained because it is not a major player in international finance (yet).
  • rorykoehler 11y ago
    Deregulation of US financial markets was the fuel that fed the fire. A simplification maybe but a stretch to call it an extreme simplification.