answersLogoWhite

0


Best Answer

Financial meltdown is another term used for a financial crisis. You can compare the performance of the financial markets with the burning of a candle.

The world economy and financial markets were in a bad mess a few months back due to the subprime economic crisis. Investment Banks went bust, home loan foreclosures and defaults were at their peak, stock markets crashed, etc etc

User Avatar

Wiki User

14y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

14y ago

my comment is that economic meltdown is the reigning topic in town and i want to know the real definition of it,causes and effects. thanks

what is the definition of economic meltdown

This answer is:
User Avatar

User Avatar

Wiki User

11y ago

an economic collapse

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: The meaning of financial meltdown
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the meaning of a 'meltdown financial system'?

when money looses most or all of its value


What is financial meltdown?

What_is_financial_meltdown


What is Economic meltdown and it relevance in banking industry?

If you are referring to the recent meltdown in started only with financial services firms including banks. Economic meltdown is an unexpected but accelerated financial system failures resulting in drastic reduction in economic activity.


What is a a good sentence with the word financial in it?

As the financial crisis in Greece worsens, companies are getting ready for everything from social unrest to a complete meltdown of the financial system.


Where are all the special functions of the GoldenEye?

It can send out an electromagnetic pulse, causing a global computer meltdown.


What are some things people can do to prepare themselves for a financial meltdown?

To prepare for a financial meltdown one should cut down on their spending. Walking instead of using a car, home cooked meals instead of take-aways and turning electrical items off instead of leaving on stand-by.


What are the adverse effects of economic meltdown?

The effects of this economic meltdown are: 1. Banks have incurred huge losses. Their earnings came down. 2. Financial institutions have gone bust or have been taken over by bigger organizations 3. The housing prices have plummeted 4. The liquidity in the financial system has come down 5. High unemployment etc.


What is the meaning of financial resources?

what is financial resources


What has the author Peter J Brain written?

Peter J. Brain has written: 'Beyond meltdown' -- subject(s): Economic conditions, Financial crises


Who did Bank of America buy?

BoA purchased Merrill Lynch Investment Banking and Countrywide Financial in the 1009 financial meltdown. Over the years the bank has purchased dozens (or maybe even hundreds) of smaller commercial banks.


When was Summer Meltdown created?

Summer Meltdown was created in 2000.


When was Meltdown Records created?

Meltdown Records was created in 1985.