While the 2008–2009 financial crisis originated in the US, it quickly disrupted financial markets across the globe, including those in Asia, Europe and South America. As volatility spread, many markets seized up along with their counterparts in the rest of the world. For example, Asian bond funds exhibited increased bid-ask spreads, as markets became increasingly difficult. In the US, unemployment skyrocketed to rate unseen in two decades.
Provide examples of other crises that were experience when the "Great Recession" happened in 2008. Based on what you now know about investment management and financial analyses, what is the significance of your example? How many people did/does it impact? What recommendations would you make to help resolve the issue?