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The worst financial market crisis in 60 years | ||
| Iraqi Journal For Economic Sciences | ||
| Article 1, Volume 0, Issue 16, 2017, Pages 179-181 | ||
| Author | ||
| Translation of Dr. Hanaa Abdel-Ghaffar | ||
| Abstract | ||
| The current financial crisis began because of bubble bubble in U.S. real estate market is to some extent resembles other crises that have occurred since the end of World War II in chronological order of 4 to 10 years. However, there is a profound disagreement between these crises, as the current crisis signal the end of an era of credit expansion based on the dollar as a reserve currency internationally. The periodic crises is part of the process (prosperity - recession) the Great. The current crisis is the beginning of prosperity Ultra which lasted for more than 60 years. | ||
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