U.S. sub-prime crisis within two tidal wave of global financial markets be affected.

<P> U.S. subprime mortgage crisis is set off the second wave of frenzy, the expanding geographical spread of the global financial market swings again </ P> <P> the U.S. subprime mortgage crisis is set off the second wave of frenzy, the expanding geographical spread .global financial market swings again. .</ P> <P> last week, Citibank, JP Morgan Chase, Merrill Lynch announced massive writedowns, the Bush administration issued an emergency economic stimulus package, but the program did not dispel investor concerns about the U.S. economy. .Meanwhile, the still-high oil prices is the U.S. economic outlook "worse", thus reinforcing the expected slowdown in global economic growth. .</ P> <P> hit by financial institutions </ P> <P> It http://finance. Last week, Citigroup and Merrill Lynch announced that fourth-quarter loss last year of more than 9.8 billion, a record the worst record. .Citigroup also announced 181 billion pre-tax asset write-downs and with the sub-prime related losses in fixed income markets. .Merrill Lynch has announced that the fourth quarter to write down 11.5 billion of assets. .JP Morgan Chase also announced that 1.3 billion write-down related to subprime mortgage assets. .</ P> <P> U.S. Congress Joint Economic Committee estimated that the U.S. housing market decline will continue for one year. .Standard & Poor's rating agency has said it will re-modify the model assumes that value. .Experts believe the move will allow various types of corporate bonds, municipal bonds are involved, resulting in increased credit costs, thus affecting economic growth. .</ P> <P> Japan Research Institute predicts that, if you count subprime securities products are not directly related to commodity prices, the biggest loss of the subprime crisis will reach 463.6 billion U.S. dollars. .This estimate as to become a reality, the anxiety will exacerbate the financial system, could trigger a global stock market crash. .</ P> <P> U.S. economic stimulus plan or the difficult work </ P> <P> ugly investment banks quarterly and weak economic data increased the pressure on the U.S. government. .Bush has urged Congress to impose economic stimulus plan, and a temporary tax cut permanent. .</ P> <P> Federal Reserve Chairman Ben Bernanke supports a package of "fast" fiscal stimulus measures, said this was to prevent the economic downturn, the Federal Reserve monetary policy to provide additional protection. .Bernanke's comments were widely interpreted as the Fed may be 29 to 30 January meeting to further cut short-term federal funds rate from 4.25% on the basis of the current 50 basis points lower and lower. .Click to enter the United States subprime mortgage crisis topic """</ P> <P> However, analysts pointed out that the total amount of fiscal stimulus tax cut far less than the previous two, but one has significantly reduced the effectiveness of its policy of continuing .. .The Bush administration did not explain 140 000 000 000 -1 500 billion fiscal stimulus comes from. .Analysts believe that only by issuing U.S. government bonds to raise these funds, and the public deficit will rise again. .</ P> <P> high oil prices make the U.S. economic outlook "worse." .Relevant person in charge of Qatar 20, reiterated that an adequate supply of the current international oil market, OPEC is no need to increase production. .Recent oil prices expected to remain high. .</ P> <P> Keywords: subprime mortgage crisis the U.S. economy </ P>.