What is a Wall Street storm? A brief introduction to the events of the Wall Street financial turmoil

It's the U.S. financial crisis.

There is a street called Wall Street in New York, USA, which is full of banks, so it is the financial center of the United States.

On September 15, 2008, the world focused on Wall Street in the United States. On the same day, Lehman Brothers, the fourth largest investment bank in the United States, filed for bankruptcy protection, and Merrill Lynch**, the third largest investment bank, was acquired by Bank of America. Affected by this, the three major stock indexes in New York fell sharply on the 15th, recording the largest one-day decline since the 9.1 1 incident.

Some people say that this is a once-in-a-century event, and some people use the financial turmoil as a metaphor for this crisis. And the people at the center of this financial turmoil have also experienced unforgettable days.

The reduction of the benchmark loan interest rate and the reserve requirement ratio feels like it is just a response to the intensification of the subprime mortgage crisis in the United States, and it will also end the pressure of the prison selling!

Continue to be bearish to 1400 points, the socks key answer line can not be grasped, it is better to stay on the sidelines! There are local opportunities for speculation, and the operation is mainly based on **+ band, ** sell at a high price!

1.Recent data shows that bank savings have increased significantly, and ** will seek suitable points for a long time without financial support.

2.At the end of 2007, the market boomed to the extreme, and the economic effect also entered a period of contraction.

3.The global economic crisis has been exacerbated by inflation.

4.The public has lost confidence and is scrambling to sell, which in turn intensifies** and even tramples on each other.

Natural disasters continue to occur every year, and the market does not have a relatively quiet environment.

6.The state's fight against inflation has further tightened the circulation of money in the secondary market.

7.The financial crisis triggered by the subprime mortgage crisis in the United States banks has led to the impact of the world economy dominated by the US dollar.

8.The war in the United States has further exacerbated the deterioration of its national economy, and the depreciation of the US dollar has put Chinese export enterprises under export pressure to a certain extent.

9.Due to the lack of funds, China's property market has begun to enter the contraction area, which plays a great role in determining the trend.

10.The lifting of the ban on "big and small" is a pain in the transition stage of the market in the current situation of lack of funds.

A Wall Street Storm, also known as a financial storm, refers to a sharp, short-lived, and super-cyclical deterioration of all or most of the financial indicators (such as short-term interest rates, monetary assets, real estate, land, business bankruptcies, and financial institution failures) in a country or several countries and regions.

The Wall Street storm is no longer just a subprime mortgage problem, and delinquencies on prime loans are also rising, threatening the battered housing market and a weak economy. According to industry statistics and economists, with housing prices**, banks strictly enforce lending standards, and people with quietly good credit records are increasingly starting to default on their home loans, car loans, and credit card overdrafts.

As with subprime mortgages, many prime mortgages in recent years have allowed borrowers to make a smaller down payment and only charge a higher interest rate a few years later. As long as home prices rise, these borrowers can refinance the loan or sell their home to pay off their mortgage. Now, however, due to housing prices** and austerity measures by lenders, creditworthy homeowners are starting to face the same financial pressures as second-class creditworthies.

At the end of September last year, nearly 4 percent of prime mortgages were overdue or foreclosed, according to the American Mortgage Bankers Association. This is the highest percentage since the association began tracking prime mortgages and subprime mortgages separately in 1998. The total rate of delinquency and foreclosure on all types of mortgages is the highest since the association began tracking this data in 1979.

According to a first-ever survey report released by the National Association of Industrial Economics (NABE) in March, 34 percent of its members believe that the subprime mortgage crisis is the biggest threat to the U.S. economy in the next year or two. In a survey released by the association last August, the figure was only 18 percent, when terrorism and conflict in the Middle East were seen as the biggest threats to the U.S. economy.

It is characterized by the expectation that the future of the economy will be more pessimistic, and the currency value of the entire region has depreciated by a large extent, and the total economic volume and economic scale have suffered large losses, and economic growth has been hit. It is often accompanied by a large number of business closures, rising unemployment, a general economic depression in society, and even sometimes even social unrest or unrest at the political level of the country.

Wall Street storms can be divided into currency crises, debt crises, banking crises, and other types. The Wall Street storm of recent years has increasingly presented a crisis in some hybrid form.