The world’s financial system is a ticking ... If you’ve been paying attention, the crisis is practically knocking at our doors. Global corporate debt is suffocating the system.

Contagion Effect Leading to Global Financial Crisis The financial markets’ collapse in the U.S. had a contagion effect that spread to other countries, with many economists dubbing it a global ...

Image source: Getty Images. The Great Recession -- also called the financial crisis or the subprime mortgage crisis -- refers to the global economic downturn between 2007 and 2009. The U.S ...