When did the financial turmoil pass, and I want to know what year the financial turmoil was?

It is estimated that it will take 2-3 years to pass, but it will not return to the way it used to be. The United States is such a country whose financial power far exceeds its production capacity, its GDP accounts for 35% of the world's GDP, and the market value of the US capital market accounts for 54% of the global capital market. The U.S. dollar accounts for 72% of global foreign exchange reserves and 58% of global ** settlements.

It is clear that no country has yet been able to shake its hegemony. The financial crisis that is breaking out now is no different in nature from the collapse of '29, it is nothing more than the uncontrolled amplification of credit that can be said to be maliciously amplified, the financial crisis leads to a credit crisis, and further the collapse of confidence, and the market will go to a very irrational level. This is not a localized crisis, and its impact is deeper and longer than any other.

Today's world is different from the past, and it is difficult to directly contribute to the rapid collapse of an empire by means of war, and I believe that the United States will still come out of the crisis this time. Because this is a country that is particularly good at making a fortune in crisis, it was the outbreak of World War I and World War II that quickly led to the strength of the United States. One of the secrets to making a fortune is:

The virtual capital bubble on Wall Street burst, and real assets remained in the United States, and it will be the same this time, and the United States will be the final winner. It is important to know that the fundamental nature of capital is profit-seeking, and this is a fundamental starting point that other countries should not forget when considering the measures taken in this crisis. So far, we can see from a detail that in the case of such a bad crisis, the ban on short sales was lifted, which led to a further plunge on October 9, and when the 29 year of the big stock market crash to rescue the crisis, or when Coolidge was in power, the first thing to start was to conduct a large-scale investigation on the collection of ** short selling transactions, and in this case, short selling is also allowed, which is extremely harmful, which can only show that some interest groups are still trying their best to maintain the original order, and they are still slapping their swollen faces and filling fat. It seems to me that this is no different from the nature of the executive of AIG going on vacation after going bankrupt, and then the SEC was formed.

It can be seen that the forces that maintain the old order are still strong, and the United States is still trying to rebuild a new order as the boss, but it may not be until the end of 2014 that it will come out of this crisis. Among them, it was a real bear market that took three years from December 2011 to November 2014. The current collapse has only just begun.

In 29 years, there was also a 50% history after the rapid **, so don't think that the crisis is over with optimism that the crisis has ended for the first time since the US ** crash lasted**. This is a general correction to the multi-year bull market in the United States. Therefore, the strategy is not to be busy with **, but to find the right opportunity to go short is the big idea.

Macroeconomics has three wagons, investment, consumption and exports. Now, the U.S. financial crisis has led to a contraction in the economy, and it will take another 2 years! China's exports have been severely hit, and we can only rely on stimulating the expansion of domestic demand and increasing consumption to ensure the steady growth of the national economy.

However, due to the fact that China's economy is too dependent on exports, consumption has always been the slowest to run. Therefore, the economic situation is not optimistic. I estimate that China's economy is likely to improve after October next year.

The United States has adopted a plan to enter the world with a 700 billion yuan, but it has achieved little success. Japan and other countries were badly damaged. Conservative estimates tend to improve after two years.

Hope mine is helpful to you

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.