The biggest crisis for 20 years: the sub-prime induced loss of 7.7 trillion U.S. dollars worldwide stock market.

<P> Bank of America recently released a report, the U.S. subprime mortgage crisis in the global stock market losses since last October has 7.7 trillion U.S. dollars. .</ P> <P> Bank of America chief market strategist 约瑟夫昆兰 said the crisis was "the most serious financial crisis in the history of one of the" damage than any crisis in the past few decades to be large, including the 1987 .Wall Street's "Black Monday", the Brazilian currency crisis of 1999 and 1998 Long Term Capital Management hedge fund collapse. .</ P> <P> It http://finance. Hearing, Bank of America's analysis shows that the subprime crisis culminated three months later, the world's market capitalization fell by 14.7%, which is larger than in previous crisis .3 months after the loss of figures: Long-Term Capital Management crisis, the loss was 13.2%, "Black Monday" after the 9.8%, Brazil 6.1% after the currency crisis. .</ P> <P> 2001, the losses also greater than "9.11" terrorist attacks, beginning in 1997 the Asian financial crisis, Argentina's 2001 debt crisis and the Mexican peso crisis of 1994 caused the loss. .</ P> <P> Quinlan said: "Although people think that subprime mortgages have been smaller, restricted to an area in the U.S. financial sector, but in the past few months, contrary to fact becomes more obvious .. "</ P> <P> Standard & Poor's recently published report showed that global stock markets in January this year alone, the total losses of 5.2 trillion U.S. dollars. .Quinlan believes that it is unclear whether the stock market over this disaster. .</ P>.