As the world has experienced what is recession many are wondering what it is and what is the extent of its effect on the people and how broad it is. The world has experienced recession and also depression when we look at history and the two things are not that good for the economic aspect of the world. The poverty problem could not be solved and sometimes they are to be the fault of some people that can be counted into ten. Let’s see a video presentation.
It is presented here about the recession and there is four aspect that was presented as the causes of the recession. One is the one that you are familiar with and that is the mortgages that were given in the unqualified state. It ends up into not being paid by those who have availed of it. Even if there is a demand for the mortgages and real estate personnel are rushing to fill it up but then the effect, in the end, is tragic.
Because of the drive to be on good performance only for the current or present and near time and so long time effect was not given into consideration. It just piled up and so many were driven into poverty again. The other three reasons are in the video and surely you could understand them all as it was clearly explained so I would not give more explanation about it. You can have research more if you want.