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GaoSheng Sachs: welcome to the third wave of the financial crisis
Publish time:2017.10.19View count: 1245number

GaoSheng Sachs believes that the global market turmoil is the third wave of the 2008 financial crisis. The first wave of crisis triggered by the collapse of the US property market, followed by the European sovereign debt crisis for the second wave. The three wave of crises, the European debt crisis, dragged down the recovery of the United States, and now the emerging market crisis has also hindered the recovery of the European economy.

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