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The TED spread, an indicator of perceived credit risk in the general economy, increased significantly during the financial crisis. The TED spread spiked up in July 2007, remained volatile for a year, then spiked even higher in September 2008, reaching a record 4.65% on October 10, 2008.
The three Republican authors of the dissenting report to the FCIC majority opinion wrote in January 2011: "Credit spreads declined not just for housing, but also for other asset classes like commercial real estate. This tells us to look to the credit bubble as an essential cause of the U.S. housing bubble.
The Great Recession was a period of marked decline in economies around the world that occurred in the late 2000s. The scale and timing of the recession varied from country to country (see map). [ 1][ 2] At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great ...
The causes of the Great Depression in the early 20th century in the United States have been extensively discussed by economists and remain a matter of active debate. [1] They are part of the larger debate about economic crises and recessions. The specific economic events that took place during the Great Depression are well established.
A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises ...
“Hard inquiries — how credit is checked when you apply for a line of credit — are a part of your credit history. Each one can cost you several points and can stay on your report for up to ...
Credit default swap. A credit default swap ( CDS) is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a debt default (by the debtor) or other credit event. [ 1] That is, the seller of the CDS insures the buyer against some reference asset defaulting.
A bad credit score is a FICO score below 580, meaning it falls in the poor credit range. Along the same lines, a bad score in the VantageScore model is one below 601, which would belong in the ...