LEARNING FROM AMERICAN MARKET CRASH IN BUILDING MALAYSIA AGAIN
- When the housing bubble burst in spectacular fashion and fanned the flames of a financial crisis that revelled only the great depression of the 1930s. That downturn has since become known as the great recession and it is now widely agreed that the united states officially went into recession in December 2007. The following year, some of the largest financial institutions, including a handful of the largest banks in the country, either failed or were forced into the hands of rivals at fire sale prices. T he great recession officially ended in June 2009, but the economy has yet to fully recover. In fact, many market pundits are concerned that the economy will double-dip back into recession. All this happen in the US and what did the after mart caused to the rest of the world or even what can we learn or take home from this? Now that more then decade has passed since the housing market peaked, what lessons can investors and banks lear