Hopes crumble: the crisis in the U.S. continues

Finansy28-09-2007 collapse of Hope: Crisis in the U.S. continues optimistic mood that prevailed in world markets after the recent rate reductions by the Federal Reserve System, apparently coming to an end. This measure was not brought until those fruit which analysts had hoped all countries. The crisis was deeper, which was confirmed by data from the Ministry of Commerce. U.S. Fed rate cut was understood by the market as a measure to overcome the crisis in the mortgage market in the U.S.. Recall that the crisis broke out due to massive loan default with the "floating rate" - because of the growth rate of the U.S. central bank in 2004-2005, payments on such loans have risen sharply. In addition, the rise in credit has reduced the demand for real estate in the U.S., which also is sensitive to the U.S. market. Assumed that the lower cost of borrowing would return force of the mortgage market and real estate. After a memorable meeting of the Fed, global markets took heart, and for more than a week of steady growth. However, data published by the U.S. Department of Commerce, forced the financiers to think about. Despite the fact that these ministries generalize the situation in August (that is, before lowering rates), they were much worse than anticipated before. Monetary authorities in the U.S., commenting on these figures, saying the possibility of aggravating the crisis.