A financial crisis refers to a sharp, severe, or severe decline in all or most of the financial indicators (such as short-term interest rates, monetary assets, securities, real estate, land (prices), number of commercial bankruptcies, and number of bankruptcies of financial institutions) in a country or several countries and regions.

Short-term and super-cyclical deterioration 1. This financial crisis originated in the United States. The causes of the financial crisis: credit expansion and the bursting of economic bubbles caused by the virtual economy are the main causes of the financial crisis. The subprime mortgage crisis is the fuse. The actual subprime mortgage bonds are only 600 billion.

The U.S. dollar caused such a big financial crisis all because of following the trend, that is, people's psychological expectations. The herd effect refers to the existence of investors in the market who have not formed their own expectations or have not obtained first-hand information.

Change your own behavior based on the behavior of other investors.

Theoretically, the herding effect will increase market volatility and become the key to the success of the leader's behavior.

In the following cases, sesame cakes are the leader. In the real economy, subprime mortgages are the leader. 2. From the subprime mortgage crisis to the financial crisis, here is an original case: Two people sell sesame cakes, each selling 20 sesame cakes a day (because the entire sesame cakes

The demand is only 40 pieces), the price is one yuan, and the daily output value is 40 yuan. Later, the two people discussed and bought and sold 100 pieces to each other (A bought 100 pieces from B, and B bought 100 pieces from A). They used accounting method and the price remained unchanged.

The transaction volume becomes 240 yuan per day - the virtual economy is produced. If the price of mutually traded sesame cakes is 5 yuan, the transaction volume is 1040 yuan per day. At this time, A and B increase the market sesame cakes to 2 yuan. Some people have heard that sesame cakes are sold to each other for 5 yuan.

When they sell sesame cakes for 5 yuan each and see that the market only has 2 yuan for sesame biscuits, they buy them quickly. - When the bubble economy occurs and sesame biscuits cannot be made at once, they buy forward sesame biscuits. On the one hand, A and B increase the number of sesame biscuits they make (up to 100 per day).

or more), on the other hand, they sold forward shaobings, and also conducted transactions to issue shaobing bonds. The buyers first used cash to buy, and also used mortgage loans to buy. --- Financing, financial intervention. Some people want to buy,

With neither cash nor collateral, A and B issued subprime shaobing bonds and purchased insurance from insurance institutions. --- Subprime bonds sowed the seeds for the subprime mortgage crisis. One day, they discovered that the shaobings they purchased could not be eaten.

If you can't eat it, you need space to store it, and it will get moldy, you should sell it quickly, even if the price is lower.--The bubble burst and the financial crisis broke out. The sesame seed cake shop laid off employees (as long as 40 sesame seed cakes are made per day)--

Unemployment; Shaobing bonds have become useless paper - subprime mortgage crisis mortgage loans (the collateral is worthless) cannot be collected, lending banks have a liquidity crisis, insurance companies are facing bankruptcy, etc.

--Financial crisis 3. In the process from the subprime mortgage crisis to the financial crisis, the financial leverage of financial institutions and the issuance and circulation of financial derivatives played a magnifying role. 4. Deeper layers (1) The negative consequences caused by the long-term accumulation of advanced consumption.

In the United States, excessive consumption has long been prevalent, encouraging people to buy houses, cars, and high-end consumer goods. In pursuit of high profits, banks have issued various credit cards to residents to encourage excessive consumption.

“Use tomorrow’s money for today’s enjoyment.”

"Let your dreams come early and make them come true. "Being able to earn money and spend money is the pride of the times." To put it into words, this kind of advanced consumption has brought temporary prosperity in several years. But this kind of advance of future purchasing power

After all, the behavior is "eat what you eat", there are bubbles, and the temporary prosperity is illusory. Once the economy is in recession, a large number of unemployed people will not be able to pay their debts, and consumers' ability to pay will drop sharply, and US subprime debt will become prominent.

In front of the world, banks have piles of bad debts, and some investment banks are facing bankruptcy. (2) American banks have been burdened by high salaries. The American banking industry has been pampered for a long time, and its top leaders all have high salaries.

Millions of dollars abound, and annual salaries for middle-class white-collar workers can reach hundreds of thousands of dollars. The banking industry has long been extremely profitable due to huge borrowings, which conceals its contradictions and makes it passable despite paying high salaries year after year.

Once the debtors are unable to repay their debts and a large number of bad debts appear, the bank will suffer from poor liquidity and then suffer huge losses. If you think carefully, high salary is an excessive enjoyment of economic achievements, which may be an element of exploitation.

It is a foolish move to "take advantage of the river" and "kill the goose to get the eggs." (3) The United States currently lacks emerging industries. For many years, the United States has often led the world in emerging industries, such as highways, automobile industry, and aviation industry.

, electronic communications industry. For example, computer hardware, software, and mobile phones were once far ahead. While many countries were still in their infancy, the United States has formed industries on a large scale. However, in the past ten years, these leading industries in the United States have been in a state of limbo, while the world has been at a disadvantage.

Many countries in the world are rapidly catching up. Electronic industries such as computers and mobile phones are developing rapidly, and the United States' advantages are relatively weakened, or it is gradually losing its advantage. "It takes a long time to freeze three feet." This has inspired the United States.

People have learned lessons from this. We must base everything on our own country's reality and handle China's own affairs well. This is also a good way to resolve the impact of the US financial crisis on our country.