The Causes and Effects of Subprime Crisis
Bear Stearns' Chart
Lehman Brothers' Chart
The extended subprime mortgage concerns have started to take effect on world equity market especially on emerging market.
The subprime problems didn't come to the end when Bear Stearns (which was $172.61 peak in early 2007) was finally being taken over by JP Morgan at ten dollars per share. Now Lehman Brothers announces the file of chapter 11 bankruptcy.
In addition to Lehman's issue, Cruel oil hits $ 99.09 today. As a result of the immune of emerging market over America Subprime problems is getting weaker and commodities drop, tears and drops are found in regional market such as BSE 30 (India) which loses almost 6%, and PSE Composite (Philippines) which sheds 5%.
The subprime problems didn't come to the end when Bear Stearns (which was $172.61 peak in early 2007) was finally being taken over by JP Morgan at ten dollars per share. Now Lehman Brothers announces the file of chapter 11 bankruptcy.
In addition to Lehman's issue, Cruel oil hits $ 99.09 today. As a result of the immune of emerging market over America Subprime problems is getting weaker and commodities drop, tears and drops are found in regional market such as BSE 30 (India) which loses almost 6%, and PSE Composite (Philippines) which sheds 5%.
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