2. Get married and move: Marriage is undoubtedly the fastest financing means for young people, and the feelings of elders and friends are cashed out in time. 3. Fast-food high-end service: Not only the life of ordinary people has decreased, but also the living standards of the middle class and bourgeoisie have decreased.
4. Online shopping related industries
The financial crisis is a crisis in the financial field. Because financial assets are highly liquid, finance is very international. The fuse of the financial crisis can be any country's financial products, markets and institutions.
The financial crisis is characterized by people's expectation that the future economy will be more pessimistic. The currency of the whole region has been greatly devalued, the economic aggregate and scale have been greatly reduced, and economic growth has been hit, which is often accompanied by a large number of business closures, rising unemployment rate, general economic depression in society, and sometimes even social unrest or national political turmoil.
First of all, there is a difference between financial crisis and economic crisis.
Theoretically, "finance" and "economy" are very different. "Finance" is a general term for a series of activities centered on money and capital. The corresponding main concepts are "consumption" and "production", and the latter two mainly focus on goods and services. The so-called financial crisis refers to some persistent contradictions in the operation of activities related to monetary capital, such as the credit crisis in bill cashing and the currency crisis caused by the disconnection between buying and selling.
As far as the subprime mortgage crisis in the United States is concerned, the fundamental reason is that the monetary credit in the capital market has been infinitely amplified through financial derivatives, which has brought about a huge gap between the supply and payment capacity of monetary credit for a long period of time, and finally seriously deviated from the limited demand for credit in the physical product market. When this deviation generally exists in all fields of financial markets, it is inevitable that the subprime mortgage crisis, that is, local financial contradictions, will evolve into a financial crisis.
The connotation of "economy" is obviously broader than that of "finance", including all activities related to people's needs and supply, such as consumption, production and finance. Its core lies in creating value and obtaining welfare through the integration of resources. In this regard, "economy" is a result with value orientation, and "finance" is the process of realizing this result.
Therefore, the economic crisis means that the increase of value and welfare can not meet people's needs for a period of time, such as a large number of overproduction caused by the disconnection between supply and demand (economic depression in the traditional sense), such as excessive demand caused by credit expansion (recent economic crisis). By comparison, we can find that the biggest difference between economic crisis and financial crisis lies in their different impacts on social welfare. The financial crisis is only a process crisis in a sense, while the economic crisis is a result crisis.