Soros said: “most of the current round of stock market rebounded three months”
Posted on Apr-04-2008· by china investor
When I read JRJ today,I found Soros statement: “most of the current round of stock market rebounded three months, now we are in the bigest financial crisis since the 30-40 age,it is the most serious one.” He predicted:”this year’s global stock market after continued to decline after a brief rebound.. ”
I had to say,I would rather agree with him, I also observed that this is the first time, A large number of financial market capital injection in an attempt to safeguard the stability of the financial system from FED since the 1930s, But this crisis have too many factors, not only rely on the financial markets equity injection can be resolved. From a historical point of view, After the Vietnam War, the unemployment rate reached 10%, then the succession FED PRESIDENT took the bold policy, but the United States still appeared stagflation,about the stagflation, Wei Jianing write a good chapter of articles from economics perspective made more thorough discussion, we can refer to.
However, the United States’s crisis is not just simply economic crisis, but a social and military, mixed economic crisis. The war in Iraq, the United States swallowed up vast wealth, and the dividend breakup of the Soviet Union, the United States and the financial community over overdraft, and finally, the peak in asset prices and the military was on the verge of crisis broke, the United States badly needs a break birth rate for a period of time, if current policies continue, the risk of a hard landing in the United States’s economy is great, to simplely use the financial means to solve the current crisis in the United States is no useful. In fact, Mr. Xie wrote a article pointed out that “with the United States to resolve the asset bubble inflation, wasted.” FED Chairman Bernanke, the current academic career wrote an important article when he is a scholar: the asset prices should not affect the FED policy , and as a handover of Greenspan’s response, still raised this point, but soon after taking office Bernanke on various aspects of the accused are from the current view, Bernanke is completely surrendered to the interest groups, and in fact, Bernanke are replace Greenspan and bush’s suffer.
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