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What crises will replace debt

Published: Tue, 07/10/2012 - 13:07
By: admin

The U.S. mortgage crisis began in 2006, then grew into a global financial crisis. The peak of this crisis was the fall of 2008, when the collapse of one of the largest U.S. bank Lehman Brothers. However, the American and global economies have coped with the difficulties began restoration in 2009.


Even then, some experts warned that a new crisis will come faster than many would like. Debt obligations of European countries have caused a new crisis that may result from a regional to global. IMF experts predict that the peak of the debt crisis will be in autumn 2012, after which the European economy begins to recover.


But far-sighted businessmen are preparing for the next crisis. Where to wait for trouble?


Raw materials crisis


From 1 July 2012 the EU imposed sanctions against Iran, refusing to purchase Iranian oil production. Iran threatens to block the Strait of Hormuz, through which Middle Eastern country is transported by the lion's share of exported oil. Libya, one of the major players of the oil market, did not restore supplies of raw materials on world markets after the overthrow of the regime of Gaddafi. Throw in a civil war in Syria and the tensions between Palestine and Israel, in order to understand the explosive situation in the Middle East.


The worsening situation in the region could lead to a sharp rise in commodity prices, which will cause repeated crisis in the developed world.


The crisis of the Asian bubble


Asian economies have grown rapidly in recent years. This led to the emergence of bubbles in real estate. Thus, Hong Kong and Singapore regularly fall into the list of regions with the most expensive real estate, the Chinese market is also overheated, which is recognized by the authorities.


The fall in economic growth in Asia could lead to the beginning of the crisis, which will repeat the scenario of the collapse of the mortgage in the U.S.. This will cause the economic downturn in the region.


The food crisis


Value of agricultural production is increasing worldwide due to increasing demand, changing priorities, food producers, but also because of changes in conditions of growing basic food crops. Many of the farms refuse to grow crops, preferring to produce oilseeds for bio-energy industry needs.


The deficit of grain on world markets could lead to starvation in various parts of the world. This was at risk not only Third World country, but many developing and developed countries.


Preparing for crises should be done at the governmental and international level. However, everyone should consider in advance how it will defend itself from the crisis.