The modern financial crisis, what is the post financial crisis era

It was the United States that was engaged in the tricks of financial speculators.

Due to the impact of the financial crisis, the global economic development has been hit hard, and in the context of the post-financial crisis era, the production and operation of enterprises will also face more severe requirements and challenges. Due to the increasingly fierce market competition environment faced by enterprises, the products are unsalable and overstocked, resulting in a serious impact on the development of enterprises. In the context of this era, enterprises must strengthen innovation and reform, realize the optimization and innovation of the economic management of macro and virtual enterprises, and get rid of various adverse influences and ignition factors, only in this way can we promote the long-term development of enterprises.

1. Overview of the post-financial crisis era The so-called post-financial crisis era is the stage in which the global economy has been hit since the subprime mortgage crisis in the United States in 2008. At this stage, after the global economy has been hit hard, recovery and development are slowly taking place. After the world economy bottoms out, it will gradually proceed with the operation of the real economy in the United States.

A financial crisis refers to a situation in which all or most of financial indicators such as interest rates, exchange rates, assets**, corporate solvency, and financial institution failure indices deteriorate, making it impossible to continue normal investment and financing activities.

Since the global financial crisis, economists have used many letters to describe economic trends. The author has seen from Chinese and foreign ** that people often use four English letters, namely v, u, l and w. Financial crisis trends are like doing a multiple-choice question with the English alphabet.

When the financial crisis first emerged, economists mostly used V to describe the trend of the financial crisis, believing that although the economy had a downturn, it would not be serious and not too long, and it would recover after bottoming out. At the time, some experts predicted that the economic crisis would be a thing of the past by the end of 2009. Before the summer of 2008, Wall Street financial institutions and most experts believed that the financial crisis was a V-shaped recession.

Even after September, even after the United States decided to give a helping hand to the "two houses", McCain, one of the candidates in the United States, optimistically asserted that the fundamentals of the US economy were healthy. As soon as this statement came out, everyone was shocked, and Obama criticized McCain for being high above and out of reality. After the outbreak of the financial crisis, McCain became further and further away from the throne of the United States.

The harsh economic reality soon ruthlessly negated the V-shaped trend of the recession.

Since then, most experts have begun to prefer to use the English letters u and l, and more and more often use l. The U-shaped meaning is that the economic crisis goes down quickly, and it will go through a long detour before it rises; The L-shape means that after the economic growth rate slows down, it is not known when the upward momentum will be regained, and the economic outlook is grim. Of course, there are also economists who use w to paint a portrait of the trend of the financial crisis.

RGE Monitor is an economic consulting and research institute in New York, USA. Noriel Roubini, the president of the institute and a professor of economics at New York University's Stern School of Business, said that six months ago, he thought the probability of an L-shaped recession was only about 10 percent, but now it has risen to more than 30 percent. He also said that in 2009, the world economy will grow in the world, and the developed countries will all fall into negative growth, while the emerging economies will experience a "hard landing".

The current performance of financial markets also seems to confirm that the world economy is moving in an L-shaped curve, with two of the three major stock indexes in New York hitting new lows.

It takes a process for the financial crisis to go from its occurrence to its spread to being recognized by the world. In the face of complex economic phenomena, it is difficult for even specially trained economists to "know the autumn from a leaf".

The trend of the financial crisis has changed from V to U and even L, sending a bad news: the crisis is getting worse, people's incomes will be reduced, and life will be more difficult. Needless to say, these are all true.

But there are always two sides to the story. While reflecting the economic difficulties, the changes in the trend of the financial crisis also reflect people's deeper understanding and more tangible feelings about the severity of the financial crisis. A correct understanding of difficulties is often the first step in solving difficulties.

Only when the disease is identified can the right medicine be prescribed. In this sense, only by recognizing the severity of the financial crisis will countries around the world be able to face it more courageously, take stronger anti-recession measures, and tide over the difficulties together.

It's hard to say.

But I believe that there will be no major problems in our economy.

It may be at least a year or two before the financial crisis really ends (optimistic estimates).