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Thread: What caused the financial crisis?
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[quote=JIMMYB,353642]What caused the financial crisis? As for the reasons, some people had some very "brilliant ideas". Paulson, who will step down as US Treasury Secretary, said that the high saving rates in those emerging markets caused by global imbalances led to the cause of the global economic crisis. Do you know why there was bubbles in US real estate? It was Chinese people's fault. Bernanke, the president of US Fed said that the high saving rates in China attributed to the real estate bubble in the US. What do you think of those two big-shots' views? You can have a look at this page: http://www.earnmoremoney.com.cn/?p=153[/quote]
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