How did the global financial turmoil come about?

The U.S. printed a lot of U.S. dollars and Americans were ahead of their time.

It's caused by ****, didn't the United States allocate 850 billion to save it?

The United States is the core of the global economy, and the United States has used the money for the next 30 years in advance!! This led to inflation, coupled with the collapse of Lehman Brothers, the fourth largest investment bank in the United States, and other reasons that led to this financial turmoil.

The financial turmoil erupted in 1997.

On July 2, 1997, the Asian financial crisis swept through Thailand. Soon, the storm spread to Malaysia, Singapore, Japan, South Korea, China and other places. The currencies of Thailand, Indonesia, South Korea and other countries have depreciated sharply, and at the same time, most of the major Asian countries have been greatly affected, impacting foreign trade enterprises in Asian countries, causing the collapse of many large enterprises in Asia, unemployment of workers, and social and economic depression.

It shattered the scene of rapid economic development in Asia.

The economies of some major Asian economies have begun to slump, and the political situation in some countries has also begun to be chaotic. Thailand, Indonesia and South Korea were among the countries hardest hit by the financial turmoil. Singapore, Malaysia, the Philippines and Hong Kong were also affected, while Chinese mainland and Taiwan were almost unaffected.

World Impact

The impact of the current financial crisis is extremely far-reaching, and it has exposed some deep-seated problems behind the rapid economic development of some Asian countries. In this sense, this is not only a bad thing, but also a good thing, and it provides an opportunity for Asian developing countries to deepen reform, adjust their industrial structure, and improve macroeconomic management.

Due to the arduous task of reform and adjustment, it will take some time for the economies of these countries to fully recover. However, the basic factors for the economic growth of the developing countries in Asia still exist, and there is great hope for the improvement and further development of the economic situation in Asia after overcoming internal and external difficulties.

Let's say house prices have been going up right now.

If your friend A is a beggar and A asks you to borrow 100,000 yuan to buy a house, will you lend it to him (under normal circumstances, you will not borrow) But you borrow, and you lend the money to a person who has no ability to repay, which is equivalent to you selflessly giving money to a beggar so that he has a house to live in.

Now that the house has fallen, A is bankrupt, and your 100,000 yuan cannot be recovered.

Some people on Wall Street packaged a beggar as a rich man and tricked you into lending him money, and now they are being beaten back to the prototype, and the loss is the person who lent the money (the major financial institutions) who gains yes the beggar.

There has always been only big fish eating small fish, but the Wall Street financial turmoil is a small fish eating big fish (** eating institutions) This is a myth in the financial market and can be written into history.

Unless a large number of brick-and-mortar businesses go bankrupt, it will have little impact on prices. Now it can only be regarded as a financial crisis, and the financial crisis is still far away.