Skydive plane freefall risk USAJFKSWCS/Flickr

旧的新金融风险

华盛顿—如今,美国所面临的主要金融风险与2007—2008年大麻烦的起因十分相似:大银行资产负债表上债务过多,股本过少。不平均的全球监管——甚至有些监管者对危险视而不见——进一步加剧了这一结构性弱点。

我们见过这样的情节,最后的结局是悲哀的。下一次,我们可能迎来更加恐怖的一幕。

所有的繁荣都是不同的,但每一次大型金融危机本质上都是同一个问题:大银行陷入麻烦,在悬崖边摇摇欲坠。任何银行体系中心的震动导致信用收紧,给实体经济造成巨大的消极影响。在当代世界,金融与整个经济息息相关,其后果也尤其严重——2008年和2009年便是明证。

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