Society: The banks economic crisis has risen to the United States to resist the

Source: Hong Kong Sing Tao Daily Society

The stock price of banks in the United States rebounded on Friday on Friday, but the stock price rebound did not mean that the bank crisis was relieved.It may catalyze the economic recession, and the decline is overwhelming.At the time of this vicious cycle, the Storage Bureau and Democratic and Republican parties only shown their responsibilities. The bank and economic crisis are like unmanned driving, adding to the risk of out of control.

Nearly 200 banks have no risk of debt

The U.S. stock roads were raised at 546 points on Friday, an increase of 1.65%. The regional bank stock price of the regional bank that was sold in the next day occurred.Returning 81.7%, a 23%fell 23%on Thursday also rose 49.23%in a hurry.Regional banks have previously plummeted. After the Silicon Valley Bank and Marking Bank closed in early March, the first and banks that have been saving the white flags, the largest bank in the United States, must be acquired on Monday on Monday.The acquisition explained that the regional bank crisis was not removed, and PACWest and WAL may be reduced to fourth and fifth closure banks. Pacwest's stock price evaporated 91%from March to last Thursday.

The stock price of the regional bank was successfully clamped last Friday because of the ideal data of the United States last month and inspiring the stock market. The US government also stated that it would be necessary to investigate the bank's short -selling.The stocks were seriously sold, and they raised their rating to "increase their holdings".

The stock price rebound in the regional bank is because the market is empty, and it does not mean that the bank crisis is canceled. In particular, the Federal Reserve bureau also raised interest rates by one centway last week, aggravating bank operating pressure.This round of bank crisis fuses have raised interest rates from March last year. So far, a total of 5 % rate hikes have caused regional banks' long debt prices to plummet and large deposit households withdraw money and pay debt, causing banks to not debt, which has triggered confidence in depositors.Crisis and squeezing, the two major regional banks finally closed down.

The regional bank crisis seems to be relieved in the past two months, but the deposit continues to lose and the storage bureau raised interest rates again in March and last week.American economists have studied that 186 banks in the United States have the risk of funding for non -debt and squeezing.

President of the Storage Bureau Powell released the wind on Wednesday on Wednesday, and the interest rate hike may end. This is not because the Storage Bureau has successfully curbed inflation. At present, inflation is still significantly higher than the target level of the Storage Bureau.If you add pressure from the economy, you must stop stopping interest rates.Last Friday, the employment data was good, and the unemployment rate returned to the half -century low of 3.4%, which caused the market anxiety to be forced to raise interest rates to contain inflation.

Secondly, the deposit of the US banking industry has continued to lose. In the past three weeks, more than 360 billion US dollars (S $ 477.2 billion) has been lost.Banks must significantly tighten credit. Tightening the credit potential will crack down on economic activities. It may push up banks to stay bad accounts and deepen the problem of non -debt of banks.

Commercial Real Estate may become a burst pot industry

The market also pays attention to bank tightening credit, which may exacerbate the commercial real estate market crisis.The shareholder Buffett's partner Munger recently warned that the US commercial real estate is brewing "storms". Many US investment banks such as Goldman Sachs, Morgan, and Morgan Stanley have also warned in the near future, saying that commercial real estate may be the next industry, and banks' handsHold a large number of adverse loans for commercial real estate.

It worsening is that the bank crisis and credit contraction, coupled with the impact of the storage bureau's sharp interest rate hike, the US economic growth in the first quarter of the United States has fallen to 1.1%.The risk of banks and commercial buildings.

The vicious cycle of the Bank of America's crisis and economic recession, although it is clearly visible, the US government is helpless about the gray rhino.The Storage Bureau underestimated inflation the previous year and raised interest rates last year. It proved that the Storage Bureau was not a problem of solving the problem. Instead, it was the accomplice that exacerbated the problem. Whether the Storage Bureau could bear the heavy responsibility of resolving the crisis, which caused questioning.

As for the Republican Party of Democratic President Biden and the House of Representatives, he was busy unloading for the bank crisis. Biden accused the Republican president Trump relax bank supervision, leading to crisis, and the Republican Party referred to the poor government supervision.In order to compete for the Presidential election votes at the end of next year, the two parties have trapped fiercely. Even the debt limit can lead to major matters that can lead to debt in the United States. It is hoped that the two parties will jointly rescue the bank crisis and economic difficulties.

U.S. political disability has made banks and economic crises deeper.