Financial crisis refers to all or most of the financial indicators (such as: short-term interest rates, monetary assets, securities, real estate, land (prices), number of commercial bankruptcies and financial indicators in a country or several countries and regions). The sharp, short-term and super-cyclical deterioration of the number of institutional failures

1. This financial crisis originated in the United States. The causes of the financial crisis: credit expansion and the bursting of economic bubbles caused by the virtual economy are the main causes of the financial crisis. The subprime mortgage crisis was the trigger. The actual subprime mortgage bonds only amounted to US$600 billion, which triggered such a big financial crisis. It was all caused by following the trend, that is, people’s psychological expectations. The herd effect refers to the existence of those in the market who have not formed their own Investors who expect or do not have first-hand information will change their behavior based on the behavior of other investors. Theoretically, the herding effect will increase market volatility and become the key to the success of the leader's behavior. In the following case, Shaobing is the leader. In the real economy, subprime mortgages are the leader

2. From the subprime mortgage crisis to the financial crisis, here is an original case: Two people sell Shaobing, each one a day Sell ??20 pieces (because the entire demand for sesame cakes is only 40 pieces), the price is one yuan each, and the daily output value is 40 yuan. Later, the two people discussed and bought and sold 100 pieces to each other (A bought 100 pieces from B, and B bought 100 pieces from A). In the account form, the price remains unchanged, and the transaction volume becomes 240 yuan per day - the virtual economy is produced

If the price of mutual buying and selling of sesame cakes is 5 yuan, the transaction volume is 1040 yuan per day. At this time, A and B raised the price of sesame cakes in the market to 2 yuan. Some people heard that sesame cakes were sold for 5 yuan each. When they saw that the sesame cakes in the market were only 2 yuan, they bought them quickly.--Bubble economy emerged

Making sesame cakes all at once If they don't come out, they buy forward biscuits. On the one hand, A and B increase the production of sesame biscuits (up to 100 or more every day), on the other hand, they sell forward sesame biscuits, and also engage in the transaction of issuing sesame biscuits bonds. The buyers first use Cash purchase, and mortgage loan purchase. --- Financing, financial intervention

Some people want to buy, but have neither cash nor collateral, so A and B issue subprime sesame seed bonds to insurance companies. Institutions purchased insurance. --- Subprime bonds sowed the seeds for the subprime mortgage crisis

One day, I found that I couldn’t eat the sesame cakes I purchased. They needed space to store them and were moldy, so I hurried Sell ??it, even if the price is lower.--The bubble burst

The financial crisis broke out. The Shaobing shop laid off employees (as long as 40 Shaobings per day are enough)--unemployed; the Shaobing bonds became useless paper --Subprime mortgage crisis

Mortgage loans (the collateral is worthless) cannot be recovered, lending banks have liquidity crises, insurance companies face bankruptcy, etc. --Financial crisis

3. In the process from the subprime mortgage crisis to the financial crisis, the financial leverage of financial institutions and the issuance and circulation of financial derivatives played a magnifying role

4. Go deeper Level

(1) The negative consequences caused by the long-term accumulation of advanced consumption. In the United States, excessive consumption has long been prevalent, encouraging people to buy houses, cars, and high-end consumer goods. In pursuit of high profits, banks have issued credit cards of one kind or another to residents to encourage excessive consumption. “Use tomorrow’s money for today’s enjoyment.” "Let your dreams come early and make them come true. "Being able to earn money and spend money is the pride of the times." To put it into words, this kind of advanced consumption has also brought temporary prosperity in several years. But this kind of advance of future purchasing power After all, the behavior is "eat what you eat", and there are bubbles. The temporary prosperity is illusory. Once the economy is in recession, a large number of unemployed people will not be able to pay their debts, and consumers' ability to pay will drop sharply, and US subprime debt will become prominent. In front of the world, banks have piles of bad debts, and some investment banks are facing bankruptcy.

(2) American banks are burdened by high salaries. The American banking industry has been pampered for a long time and seems to be the "proud one of heaven." Senior leaders are all highly paid, with annual salaries in the millions of dollars. The annual salary of middle-level white-collar workers can also reach hundreds of thousands of dollars. The banking industry has long been very profitable due to the huge amount of loans, even though it is paid year after year. The salary is high, but it is still affordable. Once the debtors are unable to pay their debts, there will be a large number of bad debts, resulting in a triangle of debt. The bank will suffer from a large number of layoffs. If you think carefully, the high salary is an excessive benefit to the economy. The results contain elements of exploitation. In other words, it is a foolish move to "take advantage of the situation" and "kill the chicken to get the eggs."

(3) The United States currently lacks emerging industries. Industries leading the world. Such as highways, automobile industry, aviation industry, electronic communications industry. For example, computer hardware and software, and mobile phones were once far ahead. While many countries were still in their infancy, the United States has formed industries in a large area. In recent years, these leading industries in the United States have been in a state of limbo, while many countries in the world are rapidly catching up. Electronic industries such as computers and mobile phones have developed rapidly, and the United States' advantages have been relatively weakened, or are gradually losing their advantages.

"Three feet of ice does not last in a day." The financial crisis in the United States has been going on for a long time, and it has inspired people to learn from it. A good strategy to influence our country.