Wall Street crisis (Wall Street Storm), also known as the financial crisis, the Wall Street crisis is a country or several countries and regions all or most of the financial indicators (such as: short-term interest rates, monetary assets, securities, real estate, land (price), number of business bankruptcy and collapse of several financial institutions) and a sharp, short and super-cycle progression.
Wall Street Crisis(Wall Street storm) characteristics and type:
Characteristics of the Wall Street crisis is that people will be more pessimistic about the future based on economic expectations, the regional currency devaluation of the currency appears a significant reduction in total economic output and a greater loss of economies of scale, economic growth hit. Often accompanied by a company going bankrupt, unemployment rate, that the general economic depression, or sometimes even accompanied by a level of social unrest or political instability.
Wall Street crisis can be divided into a currency crisis, debt crisis, banking crisis and other types. Wall Street turmoil in recent years has increasingly presented a mixed form of crisis.
Factors contributing to the Wall Street crisis
Wall Street crisis is the direct cause of the U.S. subprime crisis or the subprime mortgage crisis. You can take a few key words: sub-prime loans, finance and globalization. The crisis is divided into four stages: First, the liquidity crisis; Second, the credit default swap crisis; third; interest rate swap market crisis; Fourth, the dollar crisis. The Wall Street crisis is a product of the basic contradictions of capitalism, private ownership of the means of production of large-scale production system and social contradictions. Eliminate the crisis, only the elimination of capitalist relations of production.
Wall Street crisis is the direct cause of the U.S. subprime crisis or the subprime mortgage crisis. You can take a few key words: sub-prime loans, finance and globalization. The crisis is divided into four stages: First, the liquidity crisis; Second, the credit default swap crisis; third; interest rate swap market crisis; Fourth, the dollar crisis. The Wall Street crisis is a product of the basic contradictions of capitalism, private ownership of the means of production of large-scale production system and social contradictions. Eliminate the crisis, only the elimination of capitalist relations of production.
