1. What is the American financial crisis? -I'm afraid many people don't understand this. Including those dog-skin economists, especially those slaves who are tight-lipped about "American advanced experience", have no courage to uncover the essence of "American financial crisis" at all. The American financial crisis began with the subprime mortgage crisis, which is a superficial phenomenon and rooted in the American financial system, which is called the advanced financial system by minions. What is the so-called advanced financial system? -that is, the system of issuing a large number of bonds to live. Create virtual financial prosperity by issuing a large number of corporate bonds. These bonds are not invested in the real economy, but in the virtual economy-securities, bonds, commodity futures, index futures and so on. These virtual economies do not create value, but only generate speculative value. The real economy creates value, while the virtual economy is just a money transfer game, moving from one pocket to another without creating any value. The financial giants on Wall Street have been playing this game for nearly 20 years and finally come to an end. Fall down one by one. Frankly speaking, the fall of the giant is a good thing. The liar part that can end the virtual economy.
Subprime crisis-financial crisis-economic crisis. This is a process of gradual development. Americans have long relied on foreign funds to live a rich life, because the hegemonic position of the dollar is no longer feasible. After the financial crisis, it is bound to be a tragic economic crisis. Economic crisis, the name is a bit too much. The word "bitter days" is more appropriate. Americans are doomed to have a hard life of 5-8 years. What do you mean? In other words, the US economy will experience the longest downturn. Wall Street's financial system, only by cutting off the cancer, will the United States embark on the road of development again. Solving Wall Street's problems will not happen overnight. This is a process of "financial system reconstruction", in short, "financial reconstruction". Rebuilding Wall Street's financial system is not easy. Everyone knows that there is a cancer in the financial system of Wall Street, but cut it off, in one word: difficult! If it weren't for ten or eight years, we wouldn't talk about it. The struggle between interest groups is a long process. How many years have passed since slavery was abolished in America! ! ! ! ! Don't expect the financial reconstruction of Wall Street to be completed tomorrow.
Bush's $700 billion rescue plan. Was rejected by congress. In fact, we all know that if the United States does not rescue the market, the next step will be a serious economic crisis. Spread from virtual economy to real economy. Everyone understands this serious consequence. Therefore, the veto power is only a dispute of interests. Don't worry. Congress will pass a conditional plan. Tianlang, you can still draw a conclusion with confidence about this. After the "conditional plan" is passed, it will delay the decline of Dow Jones, but it will not change the fate of Dow Jones falling to 8700 points.
The root of American financial crisis-financial innovation, financial derivatives and asset securitization. Tell me about these three nouns. I'm afraid not many people in China can understand these three financial terms. But these three terms are often talked about by dog skin financiers. At present, the margin financing and stock index futures prepared by our country belong to the jurisdiction of these three words. In the previous article, Tianlang once called on the top management to suspend these financial plans. After the financial crisis. Why? Because Wall Street will enter the process of financial reconstruction. The financial innovation of dog skin imitating the American model may eventually follow the footsteps of the American crisis. Tianlang suggested that it's best to slow down, don't worry, be steady and don't mess up. More importantly, let the minions have a "certain time" to see the essence and potential harm of these financial systems on Wall Street.
Financial innovation, Tianlang compared it to "beautiful poppy". The beauty of poppy surprises everyone. The financial crisis in the United States is a "poppy crisis". While appreciating poppy, we should also understand its harm. The advantages and disadvantages were clearly understood, and the time was ripe to introduce financial innovation. American poppies are full of interest. Tianlang hopes that China's poppies are improved poppies.
The above is the root and essence of the financial crisis. How big is the impact of this financial crisis on the United States and the world? 1, the impact on the United States is far from over. At present, it only explains the impact on the financial industry. The impact on the real economy has not yet appeared. The American economy must go through a painful period of 5-8 years. There is no doubt about it. After the subprime mortgage crisis and the financial crisis, no matter what kind of rescue plan the United States has launched, it will not change the general trend. The rescue plan can only avoid "sudden death", play a delaying role, and cannot reverse Gan Kun. Here we must emphasize the meaning of the word "rescue the market"-rescue the financial market. It's a pity that when China people hear the word "bailout", they take it for granted that it is "stock market". The US Congress will certainly pass a plan to save the financial market. This rescue plan can avoid the temporary collapse of the financial market. But the impact on the real economy will gradually emerge. There is no room for discussion about the decline of Dow Jones 8700 points. Don't think that the United States passed a plan to save the financial market just because it saved the American stock market. This is wrong. The impact of the US financial rescue plan on Dow Jones is only temporary. Can't change the general trend of Dow Jones. 2. Impact on the world economy. This is mainly because it has a great influence on the western economy. Because the western model is based on the American model. Therefore, if the American plan is not passed, the West will be afraid. The impact on China is mainly the real economy, but as for the financial sector, there are no obstacles.
Second, China should take the initiative in this crisis in the United States and make bold profits.
1, the impact of the American crisis on China. Affect the real economy. China's financial industry doesn't have the problems of American financial industry, so there will be no problems in China's financial industry. China people don't have to worry about this. Only the real economy will be weakened and depressed by American consumption, and exports will be affected to some extent.
The American crisis is good for China. Don't just see the negative side, but not the positive side. What are the benefits of the American crisis for China? First, you can buy assets of American entities strategically and cheaply. Attention, it is time to enter the target selection and strategic negotiation. Negotiate first, talk slowly, and then sign when the crisis is deepest. Now is not the time to sign a bet. Don't get excited at this point. Back in the beginning, when China's state-owned enterprises were in the most difficult time, how many cheap assets Americans took advantage of the fish in troubled waters. This time, it was China's turn to collect wealth. This is mainly at the enterprise level. China enterprises should be prepared. There's nothing to be ashamed of. It's the law of the jungle. Buying assets is mainly holding shares. If you can't control the shares, you should maximize the shares. Physical assets should be robbed in the fire, and virtual assets should be robbed in the fire. Second, we can strategically repair the American system. This is at the national level. For a long time, the United States has used its own system to make irresponsible remarks about the world. This time, China will make full use of this once-in-a-lifetime opportunity to completely repair this broken American machine. Talk confidently about the China model. China should take the opportunity to support the US financial rescue and benefit from it. Please note that we have conditional support. The condition is to "rebuild the financial system of Wall Street". Cut off the cancer on Wall Street. So that we can buy cheap assets in the future. Once the United States rebuilds the Wall Street financial system, we will agree to buy US Treasury bonds. If we buy government bonds as before, then all senior officials in China can sell sweet potatoes. Only by successfully restoring the American system will China's centripetal force be greatly enhanced in the future. The China model can be persuaded. Over the years, how many miracles have been created by the China model, and what about it? I was criticized! ! Twist attack. We must make good use of this opportunity this time. 3. China should launch its own financial innovation model. Don't let those minions copy the model of Wall Street. We look at the financial innovation of Wall Street rationally. Financial innovation is still important, but we don't want the cancer of Wall Street. The margin financing and stock index futures we launched should have strict supervision conditions, and the provisions to prevent excessive speculation should be preset to the maximum extent. Form China's financial innovation model. Why did the world oil reach 147 USD? Why has grain futures tripled? This is all about Wall Street's financial system-the speculative system. It's all speculation played by Wall Street. Niang Xipi. Our financial innovation should boldly oppose excessive speculation. Criticize the evil deeds of wall street with confidence. Make full use of the advantages of virtual economy to the real economy, and also vigorously oppose the swindlers of virtual economy. A firewall should be set up on the swindler side of the virtual economy.
Unfortunately, there are many slaves of western economic philosophy in our financial market. Slaves are in power. They are greedy for profits. China's financial innovation has a long way to go. It is a ravine to copy the American model. ! ! !
The war of American financial crisis pushed "complete market economy" into the grave. Niang Xipi, why do slaves earn the status of "complete market economy"? We should promote the China model with confidence. Predictably, the West will not be immune to this financial crisis, which will inevitably hurt the bones, while China will only lose a few hairs in the real economy because of its own system.
China has been reforming and opening up for 30 years. In Tianlang's view, there hasn't been a real economist. It can also be predicted that it is time for China to become an economist. China has not yet won the Nobel Prize. Whoever writes the monograph "China Model" will win the Nobel Prize. /kloc-within 0/0 years, everyone's monograph on "China Model" will be published. It's a pity that Tian Lang can't learn, but he is from Shan Ye after all. Hard to reach.