Financial crisis or energy shock?

Financial crisis or energy shock?

The housing bubble which peaked in the United States in 2006, causing those securities loses value and leads to an impact on global market.

Background

The Subprime Mortgage Crisis threatens to throw the U.S. economy into a recession. The reason is that the banks lend money to low credit borrowers to buy flat and once the US economy turns down and housing prices drop, the borrowers cannot repay the debt and they will default. There will have many bank-owned flats which will affect the financial health of the US financial institutions and the US economy. ...