A Voluntary Contraction of the Credit Market resulting in the Involuntary Liquidation of Physical & Derivative Assets at a Material Loss Causing a Severe Recession or even possibly a systemic financial meltdown
The U.S. problems "could trigger a worldwide recession and a disorderly adjustment of global imbalances," the report said. "The recent global financial turmoil has heightened these risks and shown them to be clear and present dangers."
UN warns of 'clear and present danger' to world economy
The U.S. problems "could trigger a worldwide recession and a disorderly adjustment of global imbalances," the report said. "The recent global financial turmoil has heightened these risks and shown them to be clear and present dangers."