In recent days, everyone is asking, "American debt". Default Did the crisis pass without fear? Why did the stock market pass through the US debt ceiling agreement?

Think carefully. On the one hand, the biggest Ponzi scheme in history is that the US Treasury bonds will continue to play, but one day they will say goodbye to the game. After the first day, I could not hide fifteen. In Obama's words, "the problem of bankruptcy in the United States is like kicking the cans, kicking the road a year later." Obviously, the US debt problem has not yet been solved.

On the other hand, if the United States reduces spending, reduces consumption, and does not increase taxes on the rich, it only needs to cut expenditure and not open source. Specifically, the US government will cut the society in a big way. welfare Medical and military expenditure also means that military and armament related industries need to be laid off, and domestic consumption will continue to shrink in the short term. The US economy can only be driven by internal consumption and investment. When the private consumption of the United States falls due to the government's shrinking expenditure, the willingness to invest will naturally drop and the unemployment rate will continue to deteriorate. Consumer spending, investment and manufacturing will all be frazzled, and the property market will have no end. If the US economy fails to find new impetus for growth, it is no doubt that the recession will be worse than in 2008.

The US will fall into a longer recession, and will the stock market keep up with the European debt crisis?

However, we must soberly realize that although the United States will face the great depression, it is still the most powerful in the world. In the final analysis, the "disease" of the United States is only a trauma, and recovery is only a matter of time.

For the global economy, governments in many European countries have been forced to slash spending and reduce debt. In other words, many EU countries will be in the coming period. Economics Performance will be constrained by tight spending, and even if it does not fall into recession, it will be difficult to achieve strong growth.

With the loss of the economic locomotive of the United States, the global economy is bound to move towards low growth and recession. The boom in emerging economies is hard to sustain, especially in countries that rely on exports to boost economic growth. It is important to note that every crisis in the United States is ultimately spent on outward transfer. The last time it was passed on to Japan, the goal now is obviously China. China needs to be vigilant and prepare for the worst.