human
I'm a bit confused by the current financial crisis. Can you explain it to me?
assistant
The current financial crisis is caused by a combination of factors, including an oversupply of credit and a decline in global economic growth due to the COVID-19 pandemic. This has resulted in a sharp drop in asset prices, such as stocks, bonds, commodities, and real estate, which has led to large losses for investors and companies across the world. In addition, governments have been forced to take action to help their economies recover from the effects of the pandemic.