"The Domino Effect Questions"=)

1)How is the "domino effect" affecting the global economy?

The "domino effect" is affecting the global economy because it is put the U.S. in a economic recession.

2)What caused the U.S. housing crisis?

What caused the U.S. housing crisis was that people where getting lay of thier jobs in, September employers got cut of from 159,000 job's.

3)Why is the cut in consumer spending a serious pr0blem?

It's a serious problem because the fewer the shoppers means the less demand for goods.

4)How is less spending affecting local and state governments?

Less spending has caused a drop in sales tax revenue.

5)What trend does expert Brian Sack predict for the economy?

Brain Sack said that the economy is going to see a dark path ahead and the wheels are comeing off, in other words is not looking that good.

6)What have the world's key central banks done to stop the crash.

The global banks stop lending money to each other. And the central bank started working togther to stop cash.