Overview of the Recent Financial Crisis in the US

Introduction Due to the subprime mortgage crisis in 2007, the US began to experience the financial crisis. Because of this crisis the credit contraction began and spread rapidly from the real state department to other departments and even from the United States to other countries. This caused a series of financial and economic crises such as the collapse of the European real estate market, global equity markets, global financial systems and markets, and many major banks and financial institutions (Sun, et al., 2011 ).

This book is one of the reasons for the British 2015 Financial Times book. Author John Kay analyzed the purpose of the financial industry. Why is it necessary? After the financial crisis of 2008, Kayy outlined the complex financial system that led to the accident and helped the reader understand that there has been little change in nine years since the great recession. This is a thorough but familiar and important work.

In the global financial crisis, a new paper on journalism research focused on mainstream newspapers in the United States, the UK and Australia during the 2008 global financial crisis. According to the newspaper, mainstream financial media "generally do not give warnings, lack sufficient skepticism when reporting financial and economic trends, journalists are too close to the information sources used to obtain information ". Poverty, a study by Media & Jornalismo published at the Media and Journalism Research Center at the University of Coimbra in Portugal, reported that Western news media frequently reports poverty performance such as famine, overcrowding and natural disasters, but "poverty is" Issue ", the reporter says as follows.

This global economy has been affected by the recent economic crisis mainly due to the deteriorating financial situation since September 2008. The economic situation in Latin America was concentrated in the second quarter of 2008. The cause of the financial crisis is the decrease in overseas remittances in Latin America 2. Amid this recession, the percentage and the international trade ratio also declined to 2-3%. Due to the economic downturn, most countries driven by trade are hindered. The decline in the price of exported goods including the commodity price of the exporting industry also caused the financial crisis in recent years, which has led to a decline in the GDP rate. However, export earnings sharply declined due to economic shocks. An unstable exchange rate and a rise in yield also caused the collapse of the stock market (Ocampo: 2009). Morgan (2009) judged that the possibility of the global financial crisis is small