The time class in the United States debt crisis is being enlarge
The Europe and America stock market come in continuous significant jump into water, misgiving of the origins come from the United States time class loan market.
Would the time class collateral loan crisis deny Chuo to break a world property a foam?
The text/plum is new to teach
The time class collateral loan became Gao Xuan2 the Bodhidharma gram of financial market top of head in the United States the sword of the benefit Si.
Owing to the time class collateral loan scale's being huge, the United States announce of 2005-2006 year, the United States total amount's issuing the time class collateral loan statistics be 1.5 USD;
And the real estate industry be this time United States economy economic prosperity period of most importance push one of the strengths, about 5 in the last years the United States add to have 50% to come from a real estate industry in the GDP, residents consume growth of 70% dependence increase in value at the real estate of wealth effect.
The of real estate and financial industry has natural close contact.
From 1980's end to the beginning of 1990's of the United States banking association crisis, go to Japan the bubble economy fall through the financing institution in period bad property crisis, again go to is melted economy real estate market in the East Asia that the crisis set off by 1997 annuities and finance section bad property crisis, might it not be such.
People once thought the stock certificate turn the progress of technique can cancellation this kind of crisis, but up to currently, this crisis most obvious of performance still occurrence between the financing institution, not a few financing institution because of heavy camalig investment and time class the collateral loan relatedly develop finance tool but suffer serious wound:
June, the investment bank in Wall Street shell Er Si ascend two underneath fund, because of pump capital into collateral loan at the time class support of compound stock certificate but sink into a predicament.
7月下旬,与金融机构有关的坏消息接踵而来:次级抵押贷款放款公司American Home Mortgage Investment Corp.
July last ten days of month, have something to do with financing institution of bad news closely upon heels and since then:time class the collateral loan loan the company Mortgage Investment of the American Home Corp.
Mean to haven't can be provided to issue lately- lend money new funds;
The shell Er Si ascend another underneath rightness blunt fund because of time class mortgage obligation investment occurrence loss in business, and declare pause to claim pawned article;
Flower ensign group estimate the time class collateral loan bond price slump have already make federal citizen collateral loan association and federal housing loan mortgage company hold this kind stock certificate value shrinkage USD 4,700,000,000 ……
Nervous atmosphere of war and turmoil under, the market be rattled the participants just dump almost the whole finance type stock, the speculators lend machine to stir up trouble, even not draw in time class collateral loan market, perhaps draw in not much of the financing institution can not also escape by luck: July 31 day, not direct investment at the time class according to Jie mortgage obligation of Australia is biggest hurl line wheat space reason bank to send out warning to call toward the investor, the United States time class mortgage obligation market of worried make that organization of the United States Gao income business enterprise debt investment latent loss tallest can reach to 25%;August a day, although the virtuous will bank announce of accomplishment is outstanding, and mean the time class collateral loan crisis not Yang and oneself, investor of distinctly dump cause its stock for appear on market in Frankfurt's stock exchange slump above 2%;
The United States wood company stock price from the beginning of this year total amount slump 22% be or so;
Flower ensign group January accumulation the fall attain 16%;
The thunder Man brothers stock price total amount slip about 22%.
In fact, with the United States economy scale, the United States financial market of wide degree and depth compare and have the collateral loan of the time class of risk not calculate special much.
As above text, crisis beginning it hour announce of 2005-2006 year, the United States total amount's issuing the time class collateral loan statistics be 1.5 USD, general anticipate to have about 15%(namely USD 225,000,000,000) among them may in until the end of 2008 this time occurrence risk.
Problem is excessiveness the reaction may cause the crisis spread and then cause market the participants of misgiving ego realization.
Excessiveness reaction on the other hand possibility emergence at actual of real estate market, on the other hand possibility emergence in the financial market.
At 1, lose the time class collateral loan that the collateral for loan claim pawned article power to borrow funds a person at 2006 already arrive 40, 2007 may turn over a time, take back collateral for loan of loan organization if for getting away as soon as possible but low price at empty place equal severity of on the market low price sell, will possibility the formation be an integrity of"death spiral":lose collateral for loan to claim pawned article borrow funds of power a person to increase
-Real estate market empty place phenomenon to turn worse-loan organization low price sell- the building price be further slump-borrow funds a person a reputation problem further turn worse-more collateral for loan can't claim pawned article, the beginning of 1990's, the United States California and the northeast of real estate crisis be so spread to open come of, with as for end become roll up whole country of economy crisis..