Global Market Meltdown

Source: YouTube Submitted by: linktv

I would like to share this video I found in YouTube which can give you a quick overview of how the subprime crisis in the United States affected the other global markets and how it threatens to create a worldwide credit crunch.  It can give you a better understanding of the importance of being financially informed, ready and prepared when making any decision with regards to purchasing or refinancing your home.

"The collapse of the subprime mortgage market in the United States has led to stock market drops across the world.  See the effect those investments have had on the European and Asian markets, reminding of how connected we are in the global economy.  But not just Wall Street is feeling the Squeeze; Main Street America is feeling the credit crunch as millions of Americans lose their homes or are unable to find loans even with excellent credit."