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My explanation is popular, everyone who came has read it, and if you want to know more about it, just read the book, which cannot be summarized in three words.
The dollar, there is too much knowledge content here, first, the dollar index you asked about rises, that is, appreciation, then a large amount of hot money will flow back to the United States from China, and it is likely that my country will have something accordingly. And in 07, the depreciation of the US dollar against the RMB led to **strong**, so that domestic institutions were a little short.
Second, there should be an indirect relationship with the bank, the outflow of money will affect its credit scale, the bank's credit interest is to make profits, the money invested in real estate is also outflow, and the bank's mortgage interest is also reduced.
Third, because the dollar is the international settlement currency, and the first decade of the United States real estate boom, a large number of bubbles existed, countries around the world have a large number of dollars, in order to increase the value, a large number of US dollar assets, subprime mortgage crisis, due to the real estate boom, home mortgage lenders are unable to repay, because of the housing prices, mortgage interest rates continue to rise, so the bank profits are cut off, have gone bankrupt.
The cessation of real estate will involve many industries, and other industries will also decline, causing the entire economic crisis in the United States, in saying that because the United States and all countries in the world have import and export relations, and each country has dollar assets, once the United States is in a full-scale crisis, the dollar depreciation will cause the world's economic recession and crisis.
The relationship between the US dollar and commodities.
The dollar has a very close and delicate relationship with commodities, and you can imagine that money is like flowing water, it will choose between the dollar and the commodity, and when it goes to one side, that side will respond**.
The impact of the depreciation of the dollar on the U.S. economy.
First, the depreciation of the dollar will exacerbate inflationary pressures in the United States. As the dollar depreciates, imports will rise, which in turn may push up the overall level of the United States.
The impact of the depreciation of the dollar on the world economy.
The depreciation of the US dollar will directly contribute to the global energy and primary commodities**, bringing inflationary pressures to the world. Historical experience shows that both ** and ** move in the opposite direction with the US dollar exchange rate. Since the US dollar is still the monopoly denominated currency in international oil transactions, the depreciation of the US dollar has led to a decline in oil revenues of oil-producing countries, and the depreciation of the US dollar and exchange rate fluctuations are not conducive to the stability of the international financial market.
The impact of the depreciation of the US dollar on China's economy.
The depreciation of the dollar will pose a severe test for China's exports.
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Unemployment has increased in all countries, the United States, Europe and Japan are the most obvious, and China also has an impact, but it doesn't take long to recover quickly!
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Since the United States has a large share of the global economy, it will have a negative impact on the global economy.
The crisis in the U.S. subprime mortgage market is showing signs of deterioration, causing the U.S. **.
Violent upheaval. Investors are concerned that the subprime mortgage market crisis will spread to the entire financial market, affecting consumer credit and corporate financing, which in turn will hurt the growth of the US economy.
But at first, many analysts believed that the subprime mortgage market crisis was expected to be contained on a local scale, and it was unlikely that it would pose a major threat to the US economy as a whole.
But for now, the subprime mortgage crisis has seriously affected the world economy, according to the latest data release, the United States GDP has fallen in the second quarter, and it has fallen by 0.5 percent, which has declared the United States economy into recession, and it is expected that the economy of the United States will continue to be sluggish.
Impact on the global economy
The world's major central banks.
of bankers have been focused on stopping the subprime mortgage crisis in the United States.
The resulting shortage of liquidity in the money market has injected large amounts of cash one after another.
Not only that, but the Federal Reserve.
The discount rate has also been lowered.
These efforts have paid off, and currency markets have stabilized. However, many bond products are particularly asset-backed**.
But it is still sluggish.
In addition to fears of another disruption in the credit market, the current ** banks.
Nothing worries more than the impact of credit market turmoil on the global economy. It is generally believed that the United States, the birthplace of the subprime mortgage crisis, will be the most affected.
At first glance, the US economy was not affected by the subprime mortgage crisis: economic growth was very strong in the second quarter; Business spending looks buoyant; The growth of Gongzheng imitation hunger capital is very stable; Gasoline**, which is pulling consumer spending down, is falling. But on closer analysis, the outlook is less bright.
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Since the outbreak of the subprime mortgage crisis in August 2007, it has had a great impact on and damaged the international financial order, resulting in a strong credit tightening effect in the financial market and exposing the systemic financial risks accumulated in the international financial system for a long time. The financial crisis caused by the subprime mortgage crisis was the most serious financial crisis in the United States since the "Great Depression" in the 30s of the 20th century. The subprime mortgage crisis, which originated in the United States, is spreading around the world, and the global financial system has been significantly affected, and the crisis has hit the real economy. >>>More
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