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Talk:Financial Crisis of 2008 (view source)
Revision as of 03:58, December 2, 2008
, 03:58, December 2, 2008→Separate article needed on recession: new section
Probably better to leave it as crisis. Technically a recession is declared based on growth, which has and/or is happening now, but in addition to that you have the credit crunch which saw the virtual drying up of inter-bank lending which in turn created massive cash-flow and liquidity problems and the collapse of banks and financial institutions. The crunch is different to the recession, although involved with it when seen from the point of view of cause and effect, so both together counts as a crisis.--[[User:Ieuan|Ieuan]] 22:58, 1 December 2008 (EST)
Probably better to leave it as crisis. Technically a recession is declared based on growth, which has and/or is happening now, but in addition to that you have the credit crunch which saw the virtual drying up of inter-bank lending which in turn created massive cash-flow and liquidity problems and the collapse of banks and financial institutions. The crunch is different to the recession, although involved with it when seen from the point of view of cause and effect, so both together counts as a crisis.--[[User:Ieuan|Ieuan]] 22:58, 1 December 2008 (EST)
== Separate article needed on recession ==
This Financial crisis article is primarily about the financial crisis--involving banks and related institutions around the world. It only briefly mentions the recession in the USA, which will require a sseparate article that covers issues like unemployment, income levels, growth trends, and word trade issues. [[User:RJJensen|RJJensen]] 22:58, 1 December 2008 (EST)