Financial meltdown

Financial meltdown

Refers to events like steep fall in stock markets, decline in asset values, corporate losses etc. that hurt the economy and lead to losses for investors.
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The state is careering towards yet another financial meltdown.
He said that the risk of a financial meltdown in China's economy has largely been contained.
It has been another long trip for the ship known as the QE2 to even open to the public, as Dubai's financial meltdown and years of slow growth nearly sank the project and left the ship languishing at port.
"This report calls for radical changes that would make it easier for big banks to cheat their customers and spark another financial meltdown. It comes as no surprise that Donald Trump and Steven Mnuchin - two men who were deeply involved in companies that cheated thousands of customers - would want to gut the agency that's held cheaters accountable and returned more than $12 billion to consumers, but Democrats aren't buying the Trump-Mnuchin financial deregulation plan."
Proponents of the act believe that its repeal could recreate the market conditions that would lead to another financial meltdown.
But the financial meltdown the following year scuppered the market.
"We should not be cutting funding for the agency primarily responsible for preventing the abuses that caused our financial meltdown," Representative Jose Serrano (D-NY), the subcommittee's ranking member, said in his opening statement.
NEIL LENNON admits he was in the dark over the extent of Bolton's financial meltdown.
Perry was famous for his 300 wins and admitting that he threw a spitball, even calling his autobiography "Me and the Spitter." By athlete financial meltdown standards, Perry's bankruptcy was relatively minor.
The truth is that Labour profligacy did not cause the global financial meltdown in 2007.
Award-winning director Michael Winterbottom and controversial stand-up Russell Brand explore the recent financial meltdown in a provocative feature, combining archive footage, documentary film-making and comedy to highlight the wealth gap of modern society and the escalation of events that rocked the world.
Award-winning director Michael A Winterbottom and controversial stand-up Russell Brand explore the recent financial meltdown in a provocative feature, combining archive footage, documentary film-making and comedy to highlight the wealth gap of modern society and the escalation of events that rocked the world.
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