flickr-free-ic3d pan white

Economic Crisis 08べ

This is Dubai International Financial Center (DIFC)




A financial crisis unmatched since the Great Depression,as of October 2008, stocks in North America, Europe, and the Asia-Pacific region had all fallen by about 30% since the beginning of the year.The Dow Jones Industrial Average had fallen about 37% since January 2008.


There were several large Monday declines in stock markets world wide during 2008, including one in January, one in August, one in September, and another in early October.


The simultaneous multiple crises affecting the US financial system in mid-September 2008 caused large falls in markets both in the US and elsewhere. Numerous indicators of risk and of investor fear (the TED spread, Treasury yields, the dollar value of gold) set records.


Russian markets, already falling due to declining oil prices and political tensions with the West, fell over 10% in one day, leading to a suspension of trading,while other emerging markets also exhibited losses.


On September 18, UK regulators announced a temporary ban on short-selling of financial stocks.On September 19 the United States' SEC followed by placing a temporary ban of short-selling stocks of 799 specific financial institutions. In addition, the SEC made it easier for institutions to buy back shares of their institutions. The action is based on the the view that short selling in a crisis market undermines confidence in financial institutions and erodes their stability.


On September 22, the Australian Securities Exchange (ASX) delayed opening by an hour after a decision was made by the Australian Securities and Investments Commission (ASIC) to ban all short selling on the ASX.This was revised slightly a few days later.


More useful like i suggest

Economic crisis of 2008


الأعصار المالي-الجزيرة



قول سبحانه وتعالى في كتابه العزيز:


(يَمْحَقُ الله الْرِّبَا وَيُرْبِي الصَّدَقَاتِ واللهُ لاَ يُحِبُّ كُلَّ كَفَّارٍ أَثِيمٍ)


15out31 Photo in October

6 faves
Taken on October 25, 2007