A brief discussion of the root causes of the 2008 economic crisis. The root cause is the asymmetry between the virtual economy and the real economy.

Including the asymmetry of economic aggregate and the asymmetry of economic structure.

The reason why there is asymmetry between the virtual economy and the real economy is the conclusion reached by Marx in the early days: the inevitable result of the development of capitalism.

1. Subjectively, capitalism pursues the maximization of capital benefits and increasingly capitalizes the physical economy.

The growth of the real economy and the physical economy is limited, but capitalist desires are unlimited. Although self-control has been exercised today, the greedy nature of capitalism remains unchanged.

When capitalism loses control in pursuit of maximizing capital benefits, the result is that the total virtual economy is larger than the total real economy.

When this result continues to increase to the point that the virtual economy cannot support the real economy, an economic crisis will appear.

In addition, due to capitalism's pursuit of maximizing benefits, the transition of capital to high-profit industries has resulted in a lack of capital in low-profit industries, ultimately resulting in an imbalance between the virtual economy and the real economic structure, which can also produce economic fluctuations.

2. Objectively speaking, with the development of productivity, the proportion of production factors will also be adjusted accordingly.

With the development of productivity, when the growth of other production factors is small or negative (such as oil and energy), the function of funds will weaken.

This resulted in the weakening of the capitalist economy.

For a long time, capital has been strong, based on the abundance of raw materials and energy and the surplus of labor.

Capital is in a seller's market, and other factors are in a buyer's market.

As capital continues to increase, and when this increase is greater than the demand for other factors, strong capital will weaken.

In 2008, the crisis intensified due to the accumulation in the previous cycle. At the same time, production factors, especially raw materials and energy, have experienced large relative changes in recent years.

2008 Economic Crisis (2008-10-13 19:14:02) This autumn is more depressed than in previous years - 2008 Economic Crisis You are from Yale, I am from Harvard, working on Wall Street or in the Valley of Optics. The hibernating bears wake up and roar, and people throw out all the bars in their hands in panic.

We still walked to the government gate and walked to the door of the government. New York 1929. I opened the cigarette case and lit a cigarette. Tears fell in vain, and every broken piece of the thousand-petal Margaret asked:

Tomorrow will definitely come, will it be better?

The global financial system is facing its biggest crisis since 1929.

How did the scabies epidemic that started in the U.S. real estate subprime mortgage market lead to a deep global crisis?

Why is Wall Street so fragile in the past?

What roles should the government and the market play respectively in this crisis, and how to save the global economy from collapse?

The subprime mortgage crisis finally completely shattered the myth of Wall Street. After Bear Stearns was shot and collapsed, Lehman Brothers, the fourth largest investment bank in the United States with a long history of 158 years, was also on its deathbed. Whether it was bankrupt or rescued, the once-reputable

The fact that Lehman fell into this situation is absolutely a landmark event in the history of post-war finance.

Because this is not an isolated case, but an explosion of systemic risks.

The current world is experiencing a once-in-a-century financial crisis.

What is a financial crisis? A financial crisis, also known as a 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, etc.) in a country or several countries and regions.

The sharp, short-lived and super-cyclical deterioration in the number of financial institution failures).

Financial crises can be divided into currency crises, debt crises, banking crises and other types. They are characterized by people's expectations that the economy will be more pessimistic in the future. The currency value of the entire region has experienced a large depreciation, and the economic aggregate and economic scale have experienced large changes.

losses, economic growth has been hit.

It is often accompanied by the collapse of a large number of companies, increased unemployment, general economic depression in society, and sometimes even social unrest or turmoil at the national political level.

Causes of the Financial Crisis The most fundamental cause of the financial crisis in the United States is the decline in the solvency of subprime loan recipients caused by the decline in U.S. housing prices.

However, the savings rate of American residents continues to decline. When the debt of American residents is too high to support the housing market bubble, the housing market adjustment is inevitable, which will lead to a significant increase in the delinquency rate of subprime and prime floating-rate mortgage loans. Mortgage borrowers who are unable to repay their loans are increasingly

Come more and more.

Once these mortgages are collected, credit losses occur.

The subprime mortgage crisis intensified and got out of control, causing major financial institutions on Wall Street to either collapse or be taken over. The glorious era of Wall Street has finally come to an end.

On September 15, the U.S. government refused to provide assistance to Lehman Brothers, and Lehman Brothers announced that it was seeking bankruptcy protection.

The financial crisis caused by subprime mortgages will deepen, and the global economic downturn is almost a foregone conclusion.