what do you think of the financial crisis?plese answer it in Enlish

what do you think of the financial crisis?plese answer it in Enlish
what do you think of the financial crisis?
plese answer it in Enlish

what do you think of the financial crisis?plese answer it in Enlish
Everything has two sides and the financial crisis is not an exception.It may has brought us some benefits but has created some serious problems as well.
As for us Chinese,we may feel some of the effects,but,generally,we are safe.The financial crisis has some advantages,for instance,dollars may become cheaper against the Chinese yuan.This means you will spend less if you study or travel in the US.Also,the price of importation becomes lower,so that we can afford more foreign goods.
On the contrary,it has some cons,too.It does no food to our exportation,because our products are not cheaper any more.What's worse,more and more people are losing their jobs.It caused increasingly concern among people and this phenomenon does harm to our society.

Well. You see, the cause is the real estate sub-credit crisis happened in US last year.
The sub-credit loans are targeted to those people don't have enough funds and have bad credit records, usual...

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Well. You see, the cause is the real estate sub-credit crisis happened in US last year.
The sub-credit loans are targeted to those people don't have enough funds and have bad credit records, usually these people can't get loan from banks. But several years ago US wanted to improve its economy development and banks lowered the crition of sub-credit. So they can earn more money. But when the real estate market fell, the interests rose up, many people could not pay money back, so banks suffered great losses. Many of them went bankrupt..And after that...blablabla. Became now what you see:)
Of course it is serious, now it became a globe crisis.
I think the impact on those people with low incomes is not big. The really victims are those people who are investigators especially on real estates.

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