US Econ問題!!! 20點!!!! IN ENGLISH~!

No. 1 Recession !
The unemployment rate is increasing.
The GDP does not growth but dropping,
Business cycle down turn.
Assets price drop, stock market drop. Wealth disappearing.
Many companies will wind up as they have not enough buisness to maintain their daily operation.

No. 2 Credit Crunch !
No credit, no cash flow, and it will lead to no business. The US market loss credit due to the financial industry crisis. So, they hurt the economy of US and the whole world.

When the banks are in trouble, they reduce their loan and support to others banks and industries. So, business slow down.
Its very difficult to rebuild the confidence for the society and in the financial industry.

Reform in the financial industry is need, but how, its take a long time to do it well.

No 3. Housing properties market melt down.
Due to the price drop on houses in USA, mortgages foreclosure cases increasing. The melt down of the mortgage market causing the financial crisis , and the mess in the current USA economy.

The houses price dropped seriously, and there is no way to hold and turn it to rally in the moment even the government is trying very hard to save this market. The reason is the continuous price rise of the properties market in the past 10 years created a big bubble, it need adjustment, which is very very painful to the economy.