The world economic downturn since World War II the "most"
The last of the "financial tsunami" caused by the global economic recession is bound in world economic history left behind indelible marks.
Since the financial crisis, the world's major economies, synchronized recession, US-EU economic discovered "free fall", accompanied by the credit funds of severely depleted and dramatic decline in asset prices, total demand depth atrophy, aggregate supply is obvious.
The crisis not only to push down the world economy rising track, the strength of its destructive is rare in the history. 10 years ago, the Asian financial crisis in world economic growth back nearly two percentage points, and in the International Monetary Fund (IMF), the round will be close to the crisis of destruction 5 percentage points to the 2009 world economic growth rate of the previous year's pullback 3.7% at 1.1%, the lowest since the second world war. The OECD and the United Nations more pessimistic and they expected growth rate is negative 1.7% respectively and negative 2.2%.
Although from the second quarter of 2009, the smell of a strong recovery, but the prospect of gradually in 2010, the world economy will continue to be felt in thick fog, rising unemployment, rising budget deficits, inflation pressures, protectionism, poverty exacerbate differentiation and many other challenges, will seriously challenge the wisdom of national decision makers.
The global auto industry giants to meet "the most severe winter cold"
Dissection of the financial industry "ruins", see faltering Delphi, shocking is that long-term dominate the world, have been known to all motorists to sell dreams of General Motors, the Foundation has already loose.
"Tsunami" strikes, car sold off, money not to, at the end, a universal theatrical shengsishisu, last-minute bankruptcy protection, the close factories, reduce marketing network, after the famous brand, auction finally "cocoon" born again. Similar story also in other United States automobile giants Chrysler staged.
Giant fall to bring strong labour market, including General insolvency leads related industry chain 130 million people unemployed, the whole United States unemployment up by one percentage point.
As the crisis continues to spread, even the performance progresses day by day, has landed on the world's cart, throne, Toyota also failed to appear at annual 4370 billion yen net loss for the year is also not overturned. Helpless, Toyota turnaround will change. As a family, Toyota chapter men ordered to "hurry air showers", its primary goal is to profit as soon as possible, to avoid even the loss of three years.
Post-disaster reflections, United States Delphi mire is bad, because of a lack of strategic foresight coupled with huge cost yashen, financial crisis just overwhelming giant's the last straw. And has been recognized as a "healthy company," Toyota also fall into such a situation, the "cold" this winter.
United States federal financial is the "most" big red
For United States federal financial, 2009 is the year of the "record".
2009 fiscal year (ending September), the federal budget deficit will create new high 1.42 trillion, up nearly $ 1 trillion more.
This deficit level equivalent to the United States GDP of about 10%, the highest since the second world war.
At the beginning of new fiscal year, the record to be refreshed, October deficit surged over the same period. As of November, the US federal budget has continued for 14 months in deficit, which is a record.
According to the Obama administration's projected a deficit of this fiscal year will be the third consecutive year.
Households are not only the Federal Government. Beauty is expected, the 50 States in the United States Government, the fiscal deficit of up to 48.
United States government deficit this year, including the economic crisis this special incentives. But when the old, in recent years, the United States financial deficit, and in fact constantly repeated, which breaking records and the United States financial policy confusion, lax fiscal discipline. According to official data, the United States Government agencies for the fiscal year 2009 was a waste of 980 billion of taxpayers ' money.
Outlook 2010, yet difficult to exit the stimulus plan, cost high hospital reform package, on the troop surge plan all Afghanistan affects the nerves in the United States taxpayers. United States Government short period might be difficult to go out of the deficit of thorns.
Europe and the United States staged "the most high-profile of" limited pay Sau
"After the outbreak of the financial tsunami", its progenitors — Wall Street executives were the world condemn them to live in crisis still astronomical phenomenon more highly paid.
To ping the prospect camp in Europe, France and Germany lead to pull out the "strictly limited pay" banner, and continue to urge the EU to identify common routes, of which France has paid will be limited in particular to the end.
United States, President Barack Obama despite early issued limited paid orders, but little success. Years, the Government was forced to appoint counsel to "Feinberg," pay Czar to executive pay secondary rules. At the end of October, "czar" to government aid to seven executives issued a new version of the limited paid order. More recently, the Fed came to Wall Street to submit paid early next year to plan the ultimatum.
Although limited paid to strengthening the financial sector's social responsibility, regulating the market risk management of positive significance, but Europe and this has a long layoff "limited salary surge" more politically, and can achieve the anticipated target the suspicions. How about a specific limit, the EU already makes discord within. In the face of incessant "protection personnel on the" pay czar "," in the implementation of the restrictions when "keep one eye, close one eye". According to media reports, at least 5 AIG executives get resignation threat, "czar" already intend to relax on the remuneration of the group. Furthermore, many financial giants have long been a rainy day, ready to go "curve" salary increase. For limited paid political game undoubtedly will continue.
Unemployment rate – the US-EU "the most headaches" economic indicators
Financial crisis time will push the Cantata the world economy, the United States and Europe
Policy makers to start own stimulate economic recovery and restore market confidence, but ignores the many years of illness until it deteriorated to may affect the country's political stability and global economic recovery began to intensively followed suit "roots." This pandemic is unemployment.7.6%, 8.1%, 8.5%, 8.9%, 9.2%, 9.5%, 9.4%, 9.7%, 9.8%, 10.2% ... From the United States 1-October, the unemployment rate will be able to see the urgency of the treatment of stubborn. November's unemployment rate was reduced to 10% of the total number of unemployed in the United States from the end of the 750 million 2007 rocketed to 1540 million. But in the ocean, the euro area unemployment rate curve is almost identical and the United States.
Employment is difficult to alleviate the economic issue and a delicate political issue. As a result of weak governance unemployment, Obama's support rate has declined, and in next year's midterm elections, the problem of unemployment is also likely to become the democratic heart of pain.
Watch the apocalyptic rapidly deteriorating, recently in a short period of one month, the United States Government under cool, frequency signed employment assistance Act, the employment summit was held, introduced a package of employment promotion programmes, extending the financial rescue plan period ... Power card is not as yourself. The EU has recently also through open Summit, "employment day", scheduled for the next ten-year strategy, "green" economy to Dongfeng expand employment table determination.
But employment growth tend to lag behind the economic recovery, the recovery is not even clear that American and European countries to think in the short term quickly reduce the unemployment rate is obviously not true.
Global now trade with China to protect the most fierce "offensive"
In 2009, the global economy and difficult recovery. Critical time, countries are in great need of sincere cooperation, g. But for us-EU-led, Argentina, Brazil, closely followed by protectionist forces in order to avoid the risk of shifting pressure, and other political objectives, frequent big stick-wielding protectionism. China as the world's third trading entity and second largest exporter in the year has the most fierce offensive.
Although several G20 Summit has repeatedly pledged to claim that we must resolutely resist protectionism, but the United States and Europe and other countries over the past year, but its commitment to practices that are contrary to the facts, ignoring China's market economy construction of great achievements, to "made in China" has implemented the numerous amount of large, generous, strong, unfair protectionism measures.
The beginning of the year to 3 November, a total of 19 countries (regions) on Chinese products launched since trade remedy investigations 101, involving nearly 117 billion in total. In particular, the United States, the first 11 months of implementation of the various trade relief was about 50, more than half of which were directed against the Chinese, ' frequency of high relief in world trade are extremely rare in the history, the total amount of year-over-year increase was 600%.
Although for a country's trade protection measures are often proportional to the size of its exports, China experienced by trade disputes relative to the total trade volume ratio is not big, but to 8% of world export trade status encounter global 35% of the anti-dumping and countervailing measures of 71%, is clearly disproportionate.
Crazy protectionist forces should be aware that with the deepening of economic globalization, wish to rely on trade protection to protect themselves, will lift a stone on their own feet.
World financial history "maximum" fraudsters sentenced
This round of a major financial crisis "effectiveness" is to let the world financial history's largest online complete visualization.
Bernard · McDonnell Douglas husband, by virtue of the "Nasdaq Chairman, before the United States before the Advisory Commission" special identity fraud involving a large number of investors (including old) trust, in 20 years, created the largest "pangs scam", the amount involved 600 billion. After the outbreak of the financial crisis and comprehensive funds redemption under increasing pressure, McDonnell Douglas husband finally affair. In June of this year, McDonnell Douglas husband sentenced to 150 years in prison, will spend the rest of my life in prison.
Mike Duke's schemes than the more strange that, according to the United States SEC investigation of the Procurator-General, from 1992 sec received countless evidence adequate complaints, but for various reasons never thoroughly investigated too McDonnell Douglas's trading behavior. His Clowning scam even up to 16 years are not being detected, even the "financial thieves" McDonnell Douglas husband I was surprised. If you do not have a financial crisis, McDonnell Douglas's Director of fraud may well play again for 20 years. Visible United States financial regulatory system missing level serious.
After the incident, he was derided as "wearing goggles and thermometer" SEC of disrepute, had to immediately review, oath reform. While this century case also sounded a warning to investors: see advertised ultra high income, and only make a bet in investment promotion, be sure to think twice.
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