2009全球金融危机

The global Financial crisis of 2009

by Nicholas A. Vardy

　　Here we are yet again in the midst of another "global economic crisis." From the hilltops of Davos, Switzerland, morgan Stanley's permabear Stephen Roach has shouted warnings of potential economic "Armageddon." Superinvestor george Soros designated the current state of the global economy "the worst market crisis in 60 years." Bill clinton labeled it "the biggest financial crisis since the great Depression" —— even as global stocks responded by slumping 7.7% in January —— the worst start to an investing year since morgan Stanley began publishing data in the 1970s.

　　But before you liquidate your financial assets, buy gold bullion, and move to a cave in montana, you may wish to consider that current predictions of global economic collapse may be simply hyperbole. It has happened before. clinton's quote above actually refers to the collapse of Long Term capital management in 1998 —— right before NASDAQ clocked an 88% gain in 1999. Nor does this global crisis stand up to the scrutiny of historicparison. Remember the S