The impact of the sub-prime crisis
Frank, group 4
There is a joke which maybe describe the impact of it
(1) To America, it means no hou for poor.
(2) To the whole world, it means no rich man dares to buy hou in America.
(3) To china, it means no matter you are rich or poor, you could come to America to buy a hou.
The impact to America:
The dashing bubble of the estate made American economy drop into a huge depression. Each area in the economic sphere suffered huge loss, including stock market, banking, and automobile and so on. A large number of people were unemployed led to so many people lost the repaying capability. According to a data made by American economists, the averag
e price of estate in the main cities of America had depresd 4.1% in 2008.
The top five investment bank: Bear Stearns had acquired by jpmorgan. Lehman brothers had announced to bankrupt. Merrill Lynch had also acquired by Bank of America. Goldman Sachs and Morgan Stanley had transfer from investment bank into commercial bank. Besides that, the number of the banks which have bankrupted had exceeded twelve.
Owing to the situation of the banks, many large companies had financing problems and suffered a loss during the sub-prime crisis, such as General Motors, Ford and Chrysler. The government had to provide aid to help them go through the crisis.
The impact to the world:
What happened in the United States was also happened in the world, such as bankruptcy, take-over, stock market shocked, and unemployment.
The financial way must be the main way to spread the sub-prime crisis to other countries.
As the rest of the world owed too much debt, creditors don’t want to e the United States move towards the bankruptcy, not only can’t abandon the United States government bonds, but even continue to subscribe for additional debt in order to ensure that the United States is not bankrupt. What’s more, in the United States, the consumer goods are far more than its production of products. Americans are still one of the largest sources of demand to the rest of the world. The sharp decline in their needs necessarily leads to the expen of other countries’ economy.
The impact to China:
Firstly, the large amount of exchange fund flew into China, which results in Chine foreign exchange rerve increasing sharply, so that China would face enormous pressure of imported inflation. In the condition of the U.S. dollar depreciation and appreciation of the RMB is expected to remain unchanged, if the flow of international capital to our country for safety accelerates, it will aggravate the risk of Chine capital market.
Secondly, the decline in our export growth will cau China's economic growth slowed to some extent, which led to the social demand for labor is less than the labor supply, the employment pressure on society as a whole would increa.
Reference material
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(1)对美国经济的影响 - 穷人没了房子住。
(2)对全球经济的影响 - 富人不敢到美国来买房子。
(3)对中国经济的影响 - 中国的富人，穷人都来美国抢房子。
美国次贷危机造成我国出口增长下降，将引起我国经济增长在一定程度上放缓，进而导致社会对劳动力的需求小于劳动力的供给，将使整个社会的就业压力增加。
美国次级抵押贷款市场危机出现恶化迹象，引起美国股市剧烈动荡。投资者担心，次级抵押贷款市场危机会扩散到整个金融市场，影响消费信贷和企业融资，进而损害美国经济增长。
首先，美国的许多金融机构在这次危急中“中标”，而且其次贷问题也远远超过人们的预期，如雷曼兄弟公司的倒下，以及大量银行的倒闭，使得许多的企业的融资出现了很大的问题，像美国的汽车三巨头就因为融资的问题岌岌可危，最后是美国政府的援助，暂时缓解了它们的破产危机，但是仍然面临风险。
其次，美国经济基本面强健，不乏继续增长的动力。这是因为美国的各方面仍然是世界最强的，而且美国的自我调节能力很强。手机壁纸女
美元仍然世界上最被信赖的货币，据最新数据显
示，对美元的持有仍然在不断的增加，且呈现增长趋势，这也意味着美国的金融地位暂时无人能撼动。有数据显示，7月份汽车销售下降至9年来低位。更重要的是，美国经济最薄弱的环节——房地产市场比很多人认识到的更加糟糕。7月份新屋开工的步伐大降，二手房销售连续第五个月下降，房价持续下跌。根据标准普尔发布的S&P/Ca-Shiller 房价指数，在截止于6月份的过去一年里，美国10个主要城市的平均房价下降了4.1%。 正在破灭的房地产泡沫使美国经济在8月份信贷市场出现动荡之前就已经变得比较脆弱，信贷困境使房地产市场雪上加霜。
