It is now fairly established that  the recent crisis in US sub-prime housing market is the  primary reason behind the global economic melt-down. In order to fully understand the dynamics and depth of current global recession, It is very important to know what led us to this crisis. I have found the illustration below very thought-provoking and useful. It helped me explain the reasons effectively.

The visual guide to the financial crisis:

We all know, Alan Greenspan and Bush said they are sorry for the Global economic crisis. But do you know what Greenspan said in 2003?

“The notion of bubble bursting and the whole price level coming down seems to me as far as a national nationwide phenomenon, is really quite unlikely,” By Alan Greenspan, Federal Reserve Chairman, in 2003.

Reason Behind Global Economic Crisis


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Rana Mansoor Akbar Khan

Rana Mansoor Akbar Khan

Financial Blogger. Tech Journalist. Freelance web developer.


  1. […] The Reasons Behind Global Economic Crisis, written by R. MAK, from Fair Loan Rate […]

  2. December 25, 2008 at 12:25 am

    Is there any information about this subject in other languages?

  3. […] to benefit from this historic time in history of home finance.  The reality is quite harsh. The US Credit Crisis and housing crunch have left many families and home owners with damaged credit scores. Most of them […]

  4. Jaguar
    March 4, 2009 at 8:28 am

    A fantastic depiction of the overall debacle. Thanks for this post…

  5. bala
    April 8, 2009 at 10:51 am

    according to me the global crisis is due to the money and weapons hold by the terorists from small villages to town

  6. November 22, 2009 at 4:02 am

    The results of economic crisis is more important than the reasons. I hope USA will focus on a new hope and new approach which shapes global economic philosophy including human and its social needs. Forget the what happened and look forward !