European and Asian stock markets are in the doldrums due to the severe recession and index downfall for the prolonged period of time. Stock prices of the largest European financial and industrial sectors have been facing the severe downfall. In addition the banking sectors including oil-and-gas sectors have experienced  the heavy loss. The reason for the steady downfall in the international stock market is owing to the uninterrupted economy recession.

Furthermore there is the higher possibility of financial crisis caused by the sub-prime mortgage lending possibility and credit card crisis. The existing Chairman of the Board of the Governors of the US Federal Reserve System, Ben Bernanke has admitted that the country’s economic infrastructure is now heading towards the recession which will snowball into severe crunch in the coming years. Furthermore the excessive saturation on the American housing market snowballed into the performance of the unlimited mortgage lending when a new house has become available to a person who has very poor and weak credit history with low credit rating. When consumers show inability to make repayment of their house and then their credit cards, the biggest credit lenders began wasting millions in revenues and shares in the stock market. A good many credit card holders are seen groping for survival in the labyrinth of debt and bankruptcy and they are now struggling to earn their livelihoods as they having mortgages yet to pay off.

As they are bound to give most of their income to pay off mortgage and utilizing credit cards to pay basic things, lot of people faced defaulting on their credit lines. All these factors having synergistic impact on the enhancement of the credit crisis with the strong possibility of having the detrimental impact on the American economy. European investors ventilate their opinions and views regarding the economy recession.