According to the past, the financial crisis is generally a ten-year cycle, that is to say, after a decade of economic growth, there will be an economic downturn ~ the general financial crisis is divided into four steps.

The first step, the first step, the regional or international economy is unprecedentedly prosperous, and it is easy to make money. Basically, you can make money without thinking. This is the prelude to the economic crisis, because the economic value is overestimated, leading to the emergence of a bubble. What is a bubble? It is irrational and too real value premium space! This is about 1 year.

The second step, symphony, is the existence of bubbles and crises. At this time, because the bubbles in front are too big, some of them can no longer support and burst. You can't feel it unless you feel it carefully! It started with the collapse of an industry, about two years.

The third step, the song of death, because some economic indicators are too overestimated, the actual data can not be satisfied, leading to collapse, or the return of value! This is about the middle of 1 year.

Step four! Back to the beat, the economy is at the bottom, and most indicators are underestimated. At this time, energy will accumulate again and form new strength, which will take about three years.

The economy picked up in the middle of 2009 and bottomed out at the end of 2009. 10 turned around and went up!

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