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Thread: What do you think of the Sub-prime Loan Crisis?

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[quote=ZOEY,243456]Recently, the subprime loan crisis has become a big concern. Due to the subprime loan crisis happened in US, the stock markets in the world have been all affected. For US itself, it is also a big hit to its stock market. Meanwhile, some people say that the crisis may slow down the economic growth of US. More seriously, the recession may occur. Some even say that the subprime loan crisis will trigger the global finincial crisis.

On August 18th, Paulson, the minister of treasury said that the tension in the stock markets may last for some time and the situation may become worse.

The investors in China's stock market also fear that the subprime loan crisis will give a huge hit to the stock market, especial the A-share market. The spokesman of NBS of PRC said on August 19th that the subprime loan crisis has had little effect on Chinese economy. Experts also said that the domestic financial system suffers less because of the sound control and supervision system.

Just as Paulson said the tension will last for some time. No one can say that the crisis has been over. What do you think of the subprime loan crisis? Will it trigger the global financial crisis?

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