The Return of Depression Economics and the Crisis of 2008

In the "resurgence of depression" and "crisis of 2008", Paul Krugman warned that the dark future of the United States might be like the future of other countries. As the more powerful and more resistant comeback disease is occurring, the cause of the Great Depression is approaching and it seems more likely after the real estate bubble soared in 2002. In his new book and revised edition he places more emphasis on the recession in Japan and the crisis in Latin America (ie Argentina) and explains several specific events in many countries - recession, spiral inflation, Fall of currency. And the reason.

This year marks the 10th anniversary of the 2008 global financial crisis, the most serious financial and economic turmoil since the Great Depression. Recently, it is easy to think that the world economy finally returns to its normal state after the Eurozone has grown by more than 2% in 2017 and FRB and the Bank of England resume to raise the interest rate. It is worth explaining again the magnitude of the crisis. Due to the financial crisis, financial institutions need to deval more than $ 2 trillion, growth losses caused by the crisis and the subsequent economic downturn are estimated to exceed $ 10 trillion (a sixth of world GDP in 2008 that's all). 2009 was the first record of the actual reduction of world GDP

In the "resurgence of depression" and "crisis of 2008", Paul Krugman warned that the dark future of the United States might be like the future of other countries. As the more powerful and more resistant comeback disease is occurring, the cause of the Great Depression is approaching and it seems more likely after the real estate bubble soared in 2002. In his new book and revised edition he places more emphasis on the recession in Japan and the crisis in Latin America (ie Argentina) and explains several specific events in many countries - recession, spiral inflation, Fall of currency. And the reason.

There have been rumors that there is a recession and recession since the economic crisis of 2008. Honestly, the last economic crisis was resolved by relief and debt, so there will be another depression. From the method before the economic crisis in 2008, financing and business methods have not changed very much! In addition, because more companies are offered through IPO, new owners and companies are working for shareholders. Even so, companies must earn quarterly earnings, continue to pursue profitability and growth, and there is a possibility that revenue and growth can lead to layoffs. Global competition is consistent and companies in all industries are looking for the latest technology to maintain competitiveness in today's global market. Companies are obliged to adopt a more environmentally friendly approach, but it is positive but it is costly and leads to layoffs