A bubble is a situation in which there is a rapid escalation of <span>asset prices which is later followed by a contraction of the same. When there is a surge in asset prices which is unwarranted by the fundamentals of the assets that are in question and an exuberant market behavior supports it, a bubble is created. When nobody buys anymore and starts selling everything off then the bubble is deflated.
In that period, many people started buying homes with mortgages with adjustable rates. When the stocks started rising so did the prices of mortgage interest rates and people started realizing they couldn't pay back their loans and started losing homes. When the homes were taken away, there was a realization that the houses were not worth at all the price that was owed and that banks would suffer severe losses because of the bad mortgages that they gave. This led to the 2008 recession.</span>
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D is the answer to your question
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Explanation:
Arabs had become experts in navigation and geography by 600. Those skills gave them an advantage in establishing trade routes in the Indian Ocean.
Each party sees national convention as a way to unify and strengthen its party
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See Explanation :)
Explanation:
Europe wouldn't have nearly as many items as they do today if it weren't for trade. A lot of the food they have today wouldn't be there if wasn't for the Spanish or other countries. So what I am trying to say, is that Europe wouldn't have special foods and/or items.