Market players always try to find reasons for market falls as and when it happens, this time around excessive credit lending to not--trust-worthy people(having very low credit score) in the sub-prime mortgage market is sited as the main culprit behind steep stock market fall as they have de-faulted on their loan obligation. But i say excessive GREED was, is, and will always be the biggest culprit behind every melt down in the asset prices.
Friday, August 17, 2007
Reason For This Carnage
Posted by fantastic at 7:49 PM
Labels: Asset Prices, Assets, Credit, Credit Score, Financial Markets, Greed, Stock Markets