Talking about the bubble economy in the 21st century
The bubble economy refers to the macroeconomic state in which the value of assets exceeds the real economy and it is easy to lose the ability to sustain development. The bubble economy is often supported by a large number of speculative activities. Because of the lack of support from the real economy, its assets are easily broken like bubbles, so it is called “bubble economy†in economics.
The bubble economy has developed to a certain extent, often resulting in a rapid decline in the value of assets due to market expectations or myths that support speculation, which is called the bubble burst in economics. There have been many bubbles of the bubble economy in the 20th century, and the more famous one is the bubble economy triggered by the Japan Square Agreement in the 1980s. It is mainly reflected in the speculative speculation in the real estate market and the stock exchange market for four years. But once the bubble economy bursts, its impact will affect the trend of most industries in a country and even the international economy.
The terrible short-term recession is that all the capital investment targets have not come too far to get out of a large number of “clamping familiesâ€. For example, Japan’s bubble collapses from housing, land to stock market, financing, or companies have a lot of bankruptcy, and the resulting social panic Psychology makes the multiplier effect of consumption and investment tightening not only destroys the bubble component but also hurts the real economy, and the amount of money in the land and the stock market is usually very large; the amount that can be earned by more than one person’s lifetime leads to many families. Tragedy, so the economic reshuffle that has exploded in the past four years is equivalent to transferring a large amount of wealth in all Japanese society in the hands of a few winners, while most of the losers and high-income families of ordinary houses become debtors, and A generation of Japanese social consumption has shrunk and the economy has been weak.
Since the beginning of the 21st century, China's real estate industry has continued to heat up. Many international economists such as Greenspan, Jingyi Zhongming, Li Ka-shing and Lee Shau-kee believe that this is the beginning of a new round of bubble economy. The Chinese government does not agree with this statement. .
The bubble economy of the 20th century has often broken down after the central banks of various countries raised their deposit rates.
This article is reproduced from Langfang Tongtai Packaging Materials Co., Ltd.: http://
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