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    Cause of global recession ????

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    amitnoteka

    Posts : 2
    Join date : 2009-04-01

    Cause of global recession ????

    Post  amitnoteka on Wed Apr 01, 2009 12:43 am

    Every1 is taking about global recesssion ??

    Let explore few causes that make it happened ?? Smile

    sunil

    Posts : 10
    Join date : 2009-03-31

    the cause of globel recession is non sense american people

    Post  sunil on Wed Apr 01, 2009 1:38 am

    as i know that the people of america had taken a huge amount of loan for their own upliftment.and the bank which gives that money to the people collected money from share market.after that when people was not capable to return the loan amount .then banks share has gone downward .as a result of that bank was collepsed
    and due to that recession came in banking secter .......after that it spreads on all the secter.because all secter was attached to this secter....

    Diwakar_Rock

    Posts : 8
    Join date : 2009-03-31
    Location : durgapur

    re cause of globrec

    Post  Diwakar_Rock on Wed Apr 01, 2009 11:03 am

    first of all greetings to all the members..
    according to my view now in the present scenario due to globlisation every countries business depends upon invest banking system ,companies are do there business with the help of banking sector .American banking sectors are major contributers in this regards.And in america they provide easy loan on properties business as home loans etc.due to that easy loan scheme every one took the loans to made the buildings but when buildings are completed no of buildings are huge in amount respective to its customer ...due to this they(corporates) are not able to fill there loans on time and banking sectors are seek of money.as i told almost every business depends on those banking sectors they also afected by this money crisis.and this leads to global recession in whole world....thanks
    lets see others view.....javascript:emoticonp('Very Happy').

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