as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain why the us economy experienced a recession in 2008
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the us economy experienced a recession in 2008 due to a financial crisis brought about by a combination of unregulated markets for derivative products, subprime lending, and a housing bubble. these conditions and a lack of liquidity caused a global economic collapse, with the us being one of the hardest hit countries.
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