November 14，The Russian Think Tank Waldai Club published the signature article of the think tank researcher Alexander Losev, "The threat of the new global economic crisis is coming? 》。Article Title，Unprecedented debt burdens of major global economies，It may bring catastrophic threats to the entire world economy。If countries begin to have a large -scale deleveraging process，Perhaps it will lead to a new global economic crisis，Its severity may far exceed the period of the Great Depression。

10 years after the crisis in 2008，Global debt has experienced unprecedented growth，But investment bet365 Play online games in the real economy is declining，The growth of world economy and international trade is slowing，The risk of global economic recession is rising。Global Cumulative total debt is becoming a real threat to the stable global financial system。Institute of International Finance data display，Global debt reached US $ 24.65 trillion in the first half of 2019，About 318%of global GDP。

Luo Xiev thinks，Credit financing, even if it is not the only means to maintain global consumption demand，It has also become the main driving force for the growth and economic development of the stock market。Highly automated post -industrial mode，and the transfer of production to a country with cheap labor，The practice of focusing on the tax avoidance paradise again，As a result, the value ratio of human Bet365 lotto review labor in the final product decreases sharply。Now，The owner of the capital and production materials gives the workers' salaries and the taxes paid to the country are much less than in the past。In this case，The government must continue to increase national debt to fill the budget deficit，People also have to maintain the existing living standard through loans because of their income decline。

Luo Xiev pointed out，Global debt growth exceeds the world economic growth rate，This is a serious question。Current，The global economy and financial system can be maintained，Thanks to the central banks of major countries in the world are implementing incredible currencies and credit loose policies。International Monetary Fund Organization (IMF) pointed out，The adaptive currency and credit stimulus Bet365 lotto review measures of the central banks of various countries help companies to withstand financial risks，This has led to "worrying" low -quality loans and high -level debt。Continue to expand the loan ability is not actual。other，Credit cannot eliminate unbalances of regular accounts including major countries including the United States。At the same time，Trade protectionism will accelerate the global economy into depression。

Now，As the central banks of various countries continue to inject liquidity，New foam has appeared in the stock market。Institutional investors and funds have accumulated assets worth $ 3 billion，Among them, the proportion of assets with poor risks and poor liquidity is very high。Once the credit bubble is ruptured，The borrower may not have the opportunity bet365 Play online games to raise or redeem loans for debt -redefin from debt。Because global debt has reached US $ 24.65 trillion，None of the governments and central banks have not enough resources as they did during the 2008 crisis.。

Luo Xiev thinks，The possibility of the new crisis depends on the implementation effect of the monetary authorities' emergency treatment capabilities and preventive measures，and the international cooperation level between governments and central banks。To prevent the chain crisis in the future，It is necessary for people to promote structural changes in the global economy，If you create a few currency centers with the same constitution、Establish a variety of global reserve currency systems、Promoting international multiple trade and stricter supervision of loans and taxes。