The expansion of mortgages to high - risk borrowers, coupled with rising house prices, contributed to a period of turmoil in financial markets that lasted from 2007 to 2010. (federalreservehistory.org)
More turmoil in financial markets appears to be ahead until policymakers respond with additional stimulus. (canadianbusiness.com)
Continued turmoil in financial markets could begin to hurt spending, especially among higher earners, who are more likely to own stocks. (nytimes.com)