2008: The Subprime Crisis and the first global economic crisis

there are a number of Reuters press releases and features that have quoted relating to investment strategies and fund management Since the crisis of early 90's, the Spanish economy has come a long growth period, being a long phase of expansion, but from 2008 medical funds as well as the Euro area, the Spanish economy is suffering a drop in its New York Stock Exchange macroeconomic indicators , leading to a period of recession, according to the Government and other institutions it is estimated will last until 2010.
The origin of this drop is a combination of own structural weakness of the Spanish economy and the external influence of the global crisis of liquidity. On the domestic stresses the excessive weight of the construction sector in GDP and investment the housing bubble finally operated between 2007 and 2008, and low productivity and competitiveness Spanish largely due to the low ID i and low use of technology in comparison with the vast majority of advanced countries.
This stage was primarily caused NYSE by the containment of bank credit brought about by the subprime crisis in the U.S., the interest rate hikes and rising oil prices and raw materials that end up in Spain to convert a slowdown in the construction sector in a serious crisis for the speed with these changes occur.
On the other hand this crisis would trigger the financial crisis of 2008 which according to many authors would be the first global economic crisis (some authors consider that it was called the Tequila Effect in 90 years) and is described almost unanimously as the economic crisis serious since the Second World War.
In Spain, the financial sector in general resists better to the market through regulation of the Spanish financial sector less neoliberal in other countries which leads to reduced exposure to toxic assets from subprime mortgages. However, the population suffered severely the effects of the crisis, since Spain is one of the countries with the highest number of mortgages, which are referenced in stocks Spain almost exclusively at variable rates based on Euribor, which is triggered as a result the crisis of liquidity in the interbank market.
It provides a Family of Funds particularly badly from the crisis in Spain which stated, inter alia, with the highest unemployment Ribotsky rate in the EU, around 14 in December 2008. many investment opportunities are available through headed by It also The provides a recovery especially difficult, because once severely damaged the main engine of the economy, the construction sector, and a heavy accumulation of debt is clearly the structural weaknesses of the Spanish hedge funds model economomico full scale.