Subrime..

 

The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred between 2007 and 2009.   

The causes of the Great Recession began with the bursting of the United States housing bubble in 2005–2012. Homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined, causing several to collapse or be bailed out in September 2008. This 2007–2008. 

The combination of banks unable to provide funds to businesses, and homeowners paying down debt rather than borrowing and spending, resulted in the Great Recession that began in the U.S. officially in December 2007 and lasted until June 2009, thus extending over 19 months.

 As with most other recessions, it appears that no known formal theoretical or empirical model was able to accurately predict the advance of this recession.

Housing- Banks, Stock Market, Unemployment. Is this happening again in 2022?  

Just a thought.