1) economic deflation; 2) the stock price plummeted; 3) The prices of national debt and high-quality corporate bonds have risen; 4) commodity futures prices fall; 5) The housing price bubble burst; 6) The debt crisis broke out; 7) The number of enterprise bankruptcies has increased; The number of unemployed people has increased.
Impact on people who borrow money to buy a house:
During the financial crisis, house prices fell and interest rates fell. The more serious the crisis, the lower the house price and interest rate, and the better to buy a house. But buying a house before the crisis, the sharp drop in house prices will cause your assets to drain.
The difference between financial crisis and economic crisis;
1, with different definitions.
Economic crisis: refers to the continuous contraction (negative economic growth) of one or more national economies or the whole world economy for a relatively long period of time. It is a cyclical overproduction crisis in the process of capitalist economic development and a decisive stage in the economic cycle.
Financial crisis: the _ financial crisis, also known as the _ financial storm, refers to the sharp, short-term and super-cycle deterioration of all or most financial indicators of a country or several countries and regions (such as short-term interest rates, monetary assets, securities, real estate, land prices, the number of commercial bankruptcies, the number of financial institutions closed down, etc.). _
2. Different characteristics.
Economic crisis:
The capitalist economic crisis is a crisis of overproduction. However, the overproduction shown by the capitalist economic crisis is not an absolute surplus of production, but a relative surplus, that is, an economic crisis of excess demand relative to the working people who have the ability to pay. _
(2) When the capitalist economic crisis broke out, on the one hand, the capitalist's goods piled up and could not be sold; On the other hand, the broad masses of working people are unemployed or semi-unemployed, and due to the decline in purchasing power, they cannot obtain the necessary means of subsistence. _
(3) The economic crisis of relative overproduction of capitalism most obviously shows the historical limitations of the capitalist system. _
Financial crisis:
Based on the more pessimistic expectation of the future economy, the currency of the whole region has depreciated sharply, resulting in huge losses in economic aggregate and scale, which has hit economic growth.
(2) It is often accompanied by a large number of business closures, rising unemployment rate, general economic depression in society, and sometimes even social unrest or national political turmoil. _
3. The reasons are different.
Economic crisis:
(1) Economic policy mistakes; __ _________
(2) shortage of raw materials, especially the crude oil crisis; ___________
③ Natural disasters; ___________
④ The consequences of globalization; ___________
⑤ Financial policy mistakes _ _
Financial crisis:
(1) There are loopholes or monopoly in the financial system; ___________
(2) The manufacturing industry collapsed due to overproduction, shortage of raw materials and shrinking market. ____________
(3) administrative measures are ineffective, speculation or panic spreads _ (4) The previous financial crisis was caused by the bubble in the US real estate market _
4. The consequences are different. _
Economic crisis _:
① National economic adjustment and economic recovery; __
(2) coup, major changes in political parties and policies; _ __________
(3) War, the tangible and intangible struggle for capital and resources; __________
Tens of thousands to tens of millions of people are unemployed, and unemployed people are the leading force in new industries. For example, the unemployment of college students will stimulate the growth of knowledge; _ _________
⑤ The change of the main dependent groups in the country. _
Financial crisis:
① The import and export industry has been greatly impacted; _ ___________
② The subprime mortgage crisis further strengthened the weak position of the US dollar and accelerated its depreciation, thus reducing the advantages of export products.
(3) the world economy is declining; _ ___________
The drastic changes in the economic field have brought about psychological changes, and people are increasingly losing their sense of security.