The
subprime mortgage crisis led to a global financial downturn in 2008."
- 次贷危机在2008年引发了全球性的金融危机。
Banks extended too many
subprime loans to borrowers with poor credit histories.
银行向信用记录不佳的借款人发放了过多的次级贷款。
Investors were caught off guard when the value of
subprime securities plummeted.
当次级证券的价值暴跌时，投资者们措手不及。
Subprime lending practices contributed to the collapse of several major banks.
次级贷款业务的做法导致了几家大型银行的倒闭。
Regulators have imposed stricter rules on
subprime auto financing since the last recession.
自上次经济衰退以来，监管机构对次级汽车融资施加了更严格的规定。
Many homeowners with
subprime mortgages faced foreclosure during the housing market crash.
在房地产市场崩盘期间，许多拥有次级抵押贷款的房主面临着房屋被收回的局面。
The
subprime loan sector is often associated with predatory lending practices.
次级贷款领域常常与掠夺性放贷行为联系在一起。
Some analysts argue that the resurgence of
subprime lending could lead to another financial bubble.
一些分析人士认为，次级贷款的复苏可能会引发另一个金融泡沫。
After the
subprime crisis, investors became more cautious about investing in complex financial instruments.
次贷危机之后，投资者对投资复杂的金融工具变得更加谨慎。
The
subprime mortgage scandal prompted a comprehensive review of banking regulations.
次级抵押贷款丑闻促使进行全面的银行业监管审查。
This is also why infrastructure and real estate investment have become the two main levers of China's steady growth for more than a decade after the subprime mortgage crisis in 2008.
Take for example the global financial crisis of 2007-09 triggered by the United States subprime mortgage crisis, where the international community learned how important strengthening unity and cooperation is to crisis response.
This is a striking stimulus program when we compare it to the Subprime Mortgage Crisis of 2007-2008.
Roach elaborated that when the 2008 subprime crisis swept through the world, China's objective back then was crystal clear from the start: address the source of the shock, itself, rather than the collateral damage the shock caused.
The US Federal Reserve recently cut the interest rates by a quarter-percentage point to buoy the US economy amid a global slowdown and the continuing US-China trade dispute, the first time since 2008 when the subprime mortgage crisis threatened to torpedo the US economy.
But related risks are still controllable as the ratio is still below the global average level of more than 60 percent and far below the approximately 95 percent in the United States on the eve of 2008 subprime mortgage crisis, analysts said, adding that it is still necessary to rein in the growing residential mortgage burden.
Drawing on research conducted by the International Monetary Fund, the contribution of global trade to the global gross domestic product had ascended from approximately 30 percent in the early 1980s to nearly 55 percent right before the US subprime mortgage crisis in 2008.
However, the outbreak of the subprime mortgage crisis greatly reminded the US of the immense financial and economic risks associated with extreme global external imbalances.
Its net international investment position — the difference in the external financial assets and liabilities of a country — reached — $3.99 trillion by the end of 2008 during the subprime crisis, rising from — $1.66 trillion at the end of 2007 and, therefore, indicating increased borrowing of $2.34 trillion.
For example, the implementation and withdrawal of quantitative easing after the subprime mortgage crisis in 2008 had a huge impact on emerging market economies.
I don't see any analog today to the subprime mortgages in our economy or financial system.
Ever since the subprime mortgage crisis in 2008, the Fed has introduced more liquidity tools and conducted large-scale asset purchases (LSAP) to improve the financial market and stimulate the economy.
The extremely low mortgage rates, which led to the subprime mortgage crisis in the United States in 2008, proved the negative consequences of disconnecting financing activities from the real economy, Zhou said.
Since the subprime mortgage crisis, the US Federal Reserve's balance sheet has expanded dramatically, from $450 billion to about $7 trillion.
The fear index peaked at 89.53 in October 2008 during the financial crisis, sparked partly by the collapse of the subprime housing market.
The Empire State Manufacturing Index, a monthly survey of production in New York conducted by the Federal Reserve Bank, fell in April to -78.2, more than twice as low as the -32.5 expected by economists surveyed by Dow Jones and worse than anything in the recession following the collapse of the subprime mortgage market in 2008.
In 2008, the collapse the subprime mortgage market hammered stocks and the 30-stock blue chip index lost 33.64 percent.
Nevertheless, the market is headed for the weakest quarter since the 2008 financial crisis sparked by the collapse of the subprime mortgage market.
"The Morgan Stanley Capital Index, a measure of about 1600 stocks in 23 developed nations worldwide, has dropped 21.3 percent in dollar terms since the start of 2020, putting it on track for the worse quarter since December 2008 following the collapse of the subprime mortgage market.
The Fed took the same action in 2008 after the collapse of the subprime housing market and bought loans worth about $350 billion, or 20 percent of the market.
"The Fed hadn't cut rates so sharply since the collapse of the subprime mortgage market 12 years ago, which roiled the stock market and threatened to pull the economy into a severe downturn.
"The Fed hadn't cut rates so sharply since the collapse of the subprime mortgage market 12 years ago, which roiled the market and threatened to ignite a severe economic downturn.
The highly expected Fed interest rate cut on Wednesday was the first time the US Federal Open Market Committee cut the federal funds rate since 2008, when the subprime mortgage crisis threatened to engulf the US economy.
Before the US subprime mortgage crisis in 2007, though the global economy was on a strong rise with steady inflation, skyrocketing stock markets and house prices sowed the seeds of the crisis.
"We should learn from the lessons of the subprime mortgage crisis in the United States.
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