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What is the financial crisis? Describe it in common language, and don't use words like "capital, subprime mortgage".
A man went to the market to sell pigs, and it rained when it was dark. Twenty pigs were not sold, so he went to a farmhouse for the night.

The young woman said: it is inconvenient to have only one person at home.

Man: Please, big sister, give it to a pig.

W: OK, but there is only one bed in the house.

Man: I'm going to bed, too. Give it to a pig.

W: I agree.

In the middle of the night, the man and the woman discussed, I slept on you, and the woman refused.

Man: For two pigs.

Female permission, please don't move up.

After a while, the man couldn't help begging to move, but the woman refused.

Man: Give two pigs a move. The woman agreed.

The man moved eight times and stopped. The woman asked him why he did not move.

The man said that the pig was missing.

The woman whispered, or I'll give you a pig ...

After dawn, the man blew his whistle and caught 30 pigs (including the young woman's 10 pigs) and went to the market. ...

Harvard tutor's comment: In order to find the potential needs of users, we must guide and cultivate the needs of users in the early stage, so the investment generated is in line with the law of development.

When another person knew about it, he decided to do the same thing, so he went to the market to sell pigs. It was dark and raining, and twenty pigs were not sold, so he went to a farmhouse for the night.

The young woman said: it is inconvenient to have only one person at home.

Man: Please, big sister, give it to a pig.

W: OK, but there is only one bed in the house.

Man: I'm going to bed, too. Give it to a pig.

W: I agree.

Men and women in the middle of the night, I sleep on you, and women refuse.

Man: For two pigs.

Female permission, please don't move up.

After a while, the man couldn't help begging to move, but the woman refused.

Man: Give two pigs a move. The woman agreed.

The man moved seven times and stopped. The woman asked him why he did not move.

The man said, it's over ~ ~ ~ The woman said: ......

After dawn, the man lowered his head and drove two pigs to the market. ......

Harvard tutor's comments: Invest cautiously in combination with the enterprise's own scale, and beware of the problem of broken capital chain.

When another person knew about it, he decided to do the same thing and learn from it. So he first traded a pig for a viagra, and it was necessary. After dawn, the man blew his whistle and caught 38 pigs (including 18 pigs from the young woman's family) and went to the market. ...

Harvard tutor's comment: If an enterprise gets the help of financial capital, its own operating ability will double.

There are many men who know this method, and the supply of Viagra is in short supply. Gradually, two pigs are needed, and three pigs are exchanged for one Viagra.

Harvard tutor's comment: This is inflation.

When the pig price rose to 16, the Harvard tutor commented: the man has entered the marginal cost, except for his confidence in his ability and good wishes for the future, the actual pig flow has been zero.

However, there are more and more pigs becoming men now. The decision to sell Viagra expanded the production capacity and introduced second-class Viagra. If you are short of a pig, you can borrow it first as long as you promise to stay in the woman's room for one night, and then pay the pig after it is done. This method has greatly promoted the sales of Viagra.

Harvard tutor's comment: This is a loan that allows enterprises to choose to borrow working capital according to their future income.

Viagra store later, even if you don't have a pig, as long as you promise to stay in the woman's room for one night, you can borrow it first and pay the pig after the job is done.

Harvard tutor's comment: This is financial innovation, so that people now can spend money in the future. Anyway, you can't spend money when you get old.

As soon as the news came out, there were more and more men changing pigs, and some people were looking for Viagra shops. This project is so good that we can turn it into a high-quality fund and sell bonds to the outside world. You can share my profits, ok?

As a result, Viagra store felt very good, so the company divided the pig-changing men into three categories, one was to change live pigs, the other was to borrow some live pigs, and the other was not to borrow any live pigs at all, and issued three kinds of bonds. Everyone is very enthusiastic. They bought bonds from Viagra stores one by one. The business of Viagra Store was so good that it outsourced the sale of bonds to another company. The company also made a lot of money. The company grew bigger and bigger, and even distributed it to them out of the actual sales situation of Viagra, which brought huge cash benefits to itself and Viagra stores.

Harvard tutor's comment: This is what professionals do. From entity operation to capital operation, the economy has entered a higher level.

In order to prevent its bonds from losing money in the future, the company decided to buy insurance for them, which would make it easier to sell bonds, because once bonds have problems, they can also get compensation from insurance companies. Wow, it's great that bond companies sell bonds, and insurance companies get huge insurance benefits for no reason.

Harvard tutor's comment: This is a risk hedging and strategic alliance, which improves the enterprise's ability to resist risks and protects the interests of consumers.

There are too many pig-changing men, and the woman can't stand the long queue. She said that my mother resigned and I moved, and there were countless pig-headed men who owned Viagra at one time.

Harvard tutor's comment: This is an individual phenomenon, which belongs to normal market fluctuation and will not affect the whole economy.

As a result, the woman refused to move back Some men who owe pigs have no income and have to default. As a result, a large number of bonds cannot be exchanged for pigs when they expire. As soon as the bond company saw that a Viagra 16 pig could not afford it, it declared bankruptcy.

Harvard tutor's comment: This is a subprime mortgage crisis and will not affect the entire financial industry.

I didn't know that bond companies also insured bonds. At first glance, the insurance company could not afford to pay, and also declared bankruptcy.

Harvard tutor's comment: This is a financial crisis and will not affect the whole real economy.

Later: It is said that the woman has moved to China to settle down.

-Very interesting to explain what the subprime mortgage crisis is.

The causes of each financial crisis are different. The financial crisis in 2008 was caused by the subprime mortgage crisis in the United States.

Prior to this, it was the Soros storm triggered by the Soros Group selling Southeast Asian stocks in futures.