The financial turmoil is characterized by people's pessimistic expectation that the future will be based on the economy. The currency of the whole region has depreciated sharply, resulting in huge losses in economic aggregate and scale, which has hit economic growth. It is often accompanied by a large number of business failures, rising unemployment rate, general economic depression in society, and sometimes even social unrest or national political turmoil. Financial crisis can be divided into currency crisis, debt crisis and banking crisis. In recent years, the financial crisis has increasingly presented some mixed forms of crisis. And it will gradually spread to neighboring cities and countries.
Extended data:
In the fifth anniversary of the financial crisis in 2007, the best performing assets during this period were precious metals, oil, bonds of highly credible countries and corn.
In August 2007, BNP Paribas)2007 froze the third money market fund in 2007, suspended the redemption of investors, and triggered a credit crisis. In the next five years, investors will withdraw funds from risky assets and invest in "real" assets and safer bonds.
According to the data of Deutsche Bank, in the past five years, the return on investment of gold was as high as 143%, and silver was 12 1%, which became the main beneficiary assets, while the return on public bonds in Britain, Germany and the United States reached 54%, 40% and 38% respectively. London Brent crude oil rose 58% in the same period, and new york West Texas crude oil also rose 29%. However, the return on investment of corn is as high as 144%, which exceeds that of gold.
Recently, investors increased their investment positions in corn futures, which caused corn to soar by 144% in the past five years, partly due to the recent drought in the United States. On June 5438+00, the USDA predicted that the US corn production this year will decrease by 13% compared with last year to 10779 million bushels (273.8 million metric tons), the lowest in six years, which stimulated the Chicago Board of Trade (CBOT) corn futures to rise by 3.655 on June 5438+00.
Investment grade and speculative grade corporate bonds are also winners. Although the number of corporate defaults surged from 2008 to 2009, the number of non-financial enterprises hit hard by the financial crisis and economic recession was unexpectedly small, which made investors invest in the corporate bond market. Deutsche Bank pointed out that in the past five years, the return rate of investment-grade non-financial corporate bonds in the United States was nearly 55%, while the return rate of speculative corporate bonds in Europe and America was about 40%.
In contrast, the stock market has performed poorly in the past five years. The return rate of FTSE 100 index in Britain exceeds15%; The S&P 500 returns about 8%, while the Dow Jones EU 600 investors lose nearly 13%.
Baidu encyclopedia-financial storm