Definition
A situation in the which the economy of a country experiences a sudden downturn Brought on by a financial crisis. An economy facing an economic crisis most Likely Will experience a falling GDP, a drying up of liquidity and rising / falling prices due to inflation / deflation. An economic crisis can take the form of a recession or a depression. Called also a real economic crisis. See also collapse, recession, depression.

President Obama in his speech at a joint session of Congress in late February. He refers to the global financial and economic crisis, but he did not have it right. There are some people who do it well: dollar store owners, bankruptcy lawyers, gun manufacturers (sales are up!), Short selling stock, foreclosure experts, and so on. But some individuals are doing well are doing very well. Here is an overview of the 10 winners of the financial crisis’ biggest:

John Paulson: “John Paulson Benefits in Crisis” is the title of a February 2009 article in Portfolio magazine. It also underestimated the century. Paulson is a hedge fund manager who has been ridiculously successful betting against banks and other entities who are exposed to the subprime crisis: In 2007, his fund rose $ 15 billion. In 2008, he did not do as well: His main fund rose 38 percent in a year when the S & P 500 fell almost 40 percent. His 2007 earnings were around $ 3.7 billion. According to Forbes, while 656 billionaires lost money last year, Paulson was one of 44 being added to their wealth. He jumped to # 76 on the magazine’s list of richest people in the world, about double his net worth since 2007. According to Portfolio, $ 100 invested with the “Credit Fund 1″ Paulson in 2007 would be worth almost $ 700 today. And on Wednesday, Bloomberg News reported that Paulson may have made another $ 428 million since September 2008 by shorting Lloyds Banking Group and HBOS Plc, two British financial firms . » Read more: What is The Economic Crisis?