Something that was a relatively small knock to the financial system led to a global crisis.
In a global crisis, its performance looks better, but only because other economies have fallen so fast.
Long Term Capital Management (LTCM), a New York fund, came close to precipitating a global crisis in 1998.
This alone gives a degree of support to the financial sector that could prevent a global crisis such as the one went through.
The book however is less than clear about what should be to done to avert a global crisis that will be worse than 2007.
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Fears that a global food crisis is around the corner have fueled speculation of contagion across North Africa and eventually the Middle East. (Read On the Verge of a Global Food Crisis).
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The reality is that the economic crisis we face is no longer just an American crisis, it is a global crisis--and we will need to reach out to countries around the world to craft a global response.
We also had an explanation about the situation in the Czech Republic from the Czech prime minister, who is also a man of great qualitities, and I clearly told him that if the Irish answer Yes, it is unthinkable for us to remain in limbo with a Europe that does not have the institutions it deserves in the middle of a global crisis.
The sub-prime mortgage crisis led to a global credit crisis, and fear (as measured by the VIX) spiked to record-high levels as the stock market collapsed.
That opinion changed in a hurry when some noncreditworthy homeowners were unable to make their payments as a boom in the U.S. housing market stalled, leading to a global credit crisis in which any risk was considered a bad risk.
When temperatures are hot, we are told this proves humans are creating a global warming crisis.
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All of these factors and more could lead to price inflation and cause a global food crisis.
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What is needed now is Treasury action to address what has morphed into a global banking crisis.
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Rather than step up the alarm, believers in a global warming crisis need to step up the realism.
Knudstorp believes Europeans think they are wealthier than they are, despite three years of a global financial crisis.
Interest rates will soar thanks to the market being flooded with Treasuries, thus causing a global financial crisis.
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Despite a global economic crisis, cultural and creative industries are alive and growing in the region and across the globe.
Most Tory MPs also realise that a block-the-fire-station blackmail strategy, unleashed at the height of a global economic crisis, is risky.
Did the billboard message arbitrarily lump honest and well-intentioned believers in a global warming crisis with hateful extremists in the movement?
The country was faced with catastrophic economic decline, a global financial crisis.
This is a common theme among advocates of a global warming crisis.
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Through two financial bubbles and a global financial crisis, non-OECD demand has stair-stepped its way to nearly doubling in less than 20 years.
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Despite a recession, despite the continuing effects of a global food crisis, despite other seemingly unbeatable odds, that number has now dropped to 24, 000.
The overall objective of the project is to promote the sound management of groundwater resources in order to prevent and even reverse a global water crisis.
UNESCO: All Events | United Nations Educational, Scientific and Cultural Organization
So Greece is no longer the front line of a global financial crisis: Spain - indeed the entire European banking system - is the front line.
After peaking through June-July 2006, home prices spiraled into free fall as the worst of a mortgage backed securities-fueled bubble exploded into a global financial crisis.
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Only 36 percent of geoscientists and engineers believe that humans are creating a global warming crisis, according to a survey reported in the peer-reviewed Organization Studies.
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This was a global banking crisis, and banks all over the world with big exposure to property - banks in Ireland, Spain, the US and elsewhere - incurred life-threatening losses.
The hope is that with new cars in the showrooms, Mazda will bounce back from a slump in sales in 2009 when the collapse of Lehman Brothers sparked a global financial crisis.
Larger countries such as Spain or Italy struggling to ease their debt loads might then become vulnerable, potentially triggering wider eurozone upheaval and even a global financial crisis to rival the one of 2008.
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