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Tag Archives: about housing bubble

Painful First Quarter for World Financial Markets

This quarter started with huge concern about housing bubble bust followed by subprime crises which all are talking US economy towards a recession. This will be long or short recession only time will tell but impact is getting visible in low consumer confidence and same store sales reports which are falling each month. US government and Federal Reserve is trying their best to pull economy out of this downturn by giving tax concessions and lending money to banks at very low and deferred interest terms. Bear Stearns was biggest causality of this quarter whose stock fell from $80 to $3 in matter of 5 days due to its losses in mortgage backed securities which got severely devalued due to subprime crisis.

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