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
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
an economic collapse
There was nuclear meltdown that left the area uninhabitable
The factors are nuclear elements if not contain will cause a meltdown
Just to let you know there WAS a meltdown of the reactor core, caused by incompetent operators removing cooling water then they should have been adding more! But the material from the meltdown was fully contained in the core as designed. The worst concern was the possibility of a hydrogen gas explosion (as happened in Fukushima Japan) breaching the containment building, but this was prevented.The term "complete meltdown" used above has no meaning in nuclear engineering, a meltdown is any amount of core melting. One concern with meltdowns is that there may be loss of control and a resulting increase of reactivity, but there can just as easily be a decrease of reactivity and an automatic shutdown depending on the reactor design.
there was a meltdown at a nuclear plant that caused irrevoable damage and nuclear posioning for generations to come. It is still considered dangerous to go there.
financial advertising
when money looses most or all of its value
What_is_financial_meltdown
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.
As the financial crisis in Greece worsens, companies are getting ready for everything from social unrest to a complete meltdown of the financial system.
It can send out an electromagnetic pulse, causing a global computer 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.
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 financial resources
Peter J. Brain has written: 'Beyond meltdown' -- subject(s): Economic conditions, Financial crises
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.
Summer Meltdown was created in 2000.
Meltdown Records was created in 1985.