global financial meltdown
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Like the United States, Europe suffered a severe slump in the wake of the global financial meltdown; but the human costs of that slump seemed far less in Europe than in America.
Last fall we very likely would have had a serious and perhaps global financial meltdown with extraordinarily adverse implications for the U.S. and global economies.
Art Cashin,the floor director at UBS Financial Services, says many investors worry that the uncertainty in Europe could trigger another global meltdown.
Recall that it was the hidden risk of derivatives that caused the global financial meltdown in 2008.
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Goldman, arguably the world's most prestigious investment bank, had escaped relatively unscathed from the global financial meltdown.
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The impact of misrepresenting or miscalculating risk was felt in the sub-prime market and cascading global financial meltdown.
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