Economy Live

The sub-prime rate crisis in the US has plunged its housing sector to an unprecedented crisis. The mortgage market difficulties is set to trigger a global effect with David Miles, the chief UK economist of Morgan Stanley warning the UK government that.

The sub-prime loss is all set to plunge the US economy to its worst ever crisis. In a latest review conducted by the ratings agency, Moody, the Wall Street banks have suffered a combined loss of about $110 billion on bonds backed by high-risk...

When we think of America, we tend to think big. The US is always about big houses and big cars. Big muscle cars use the reign the roads back in the 60's. Now, the suburbans, Dodge Ram trucks rule the Main streets of most towns. But, the proposed...