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Thread: Who is responsible for the turmoil in global stock markets?
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[quote=LEOPOLD219,266803]Who is responsible for the turmoil in global stock markets? US. Many people hold the same opinion. Trapped in subprime crisis, US economy is hard to survice and likely goes into recession. To survive the recession and calm down those investors, US Fed announces to cut the interest rates again by 75 basic points. However, some experts say that cutting interest rates can not save US. Except subprime crisis, the imbalance that have been built up for years in US economy---a big current account deficit, a huge fiscal deficit and a lack of savings is also a factor that might cause recession. What should Washington do to avoid recession? The rumour even says that another financial crisis might break out. Really?What are your comments?[/quote]
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