The US sub-prime mortgage crisis turns out to be a nightmare for the world economy.
Though it took shape in the United States, it has already resulted in adverse consequences forbanks and financial market around the world.
Affected by this crisis, the global economy was reduced to slowdown and last to date, and noone can see the bottom.
On the one hand, many panies just go bankrupt or have to tighten their budget andrecruit fewer employees.
Therefore, it is difficult for graduates to find a job.
Even if those graduates are employed, their salaries will accordingly affected by the recessedeconomy.
On the other hand, while the economic crisis is still ongoing, its impact has already extendedto our daily life.
The consumer price index raises and people are experiencing the sense of desperateinsecurity.
Though economic crisis has its negative impacts, we can not bee pessimistic about thefuture.
We college students should be urged to work harder in order to get prepared for theunexpected future.