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The collapse is a drastic change in the market situation under the influence of the "force of gravity"

The collapse is primarily a phenomenon in geology. It means the fall of various rocks from mountain slopes. The reason for this is the force of attraction. In the economy, a collapse is a drastic change in the market situation in connection with the imbalance. Often, its cause is a prolonged state policy, which runs counter to economic laws.

The crisis of the 1980s

The oil embargo and the Islamic revolution in Iran provoked a sharp increase in the cost of oil. However, then a sharp collapse of prices occurred due to the reduction in demand. By 1986, the cost of a barrel of oil was $ 10. The collapse of prices was due to the spread of energy-saving technologies. They developed thanks to a record $ 35 per barrel in 1980. Using energy-saving technologies allowed to reduce oil consumption by 46%.

Consequences of overproduction

Oil collapse is an event that always plays into the hands of consuming countries. The crisis of the 1980s is not an exception. It played into the hands of the United States, Japan and countries of Western Europe. Some experts even cite very convincing arguments in favor of the fact that they organized it. Oil collapse is a great failure of the OPEC countries and the USSR. The Soviet Union did not manage to get out of the economic crisis that followed it. Difficulties led to the political collapse of the USSR and the formation of new independent republics. On the verge of bankruptcy were countries such as Venezuela, Mexico and Nigeria. Not even the simplest times experienced even Saudi Arabia. Iraq was in a very difficult situation. First, this state needed resources for a war with Iran. Secondly, in 1990 Iraq invaded Kuwait because of the latter's oil production in the border area.

The collapse of oil prices in 2015

Periodic crises are an indispensable attribute of the capitalist economy. Russian oil companies can make a profit at a price for a barrel of oil below $ 50, but in this case they do not have money for new developments. The export of raw materials constitutes a significant part of the gross domestic product. The fall in oil prices could cause the deepest recession in the last 20 years. Experts of the agency Bloomberg said that to balance the budget of the Russian Federation, it is necessary that the minimum cost of this raw material is at least $ 80 per barrel. Compared with last year, in the first half of 2015, the state's economy has lost 100 billion US dollars.

Forecast for Russia

At the same time, Goldman Sachs analysts predict a sharp drop in demand for oil due to a lack of storage space. The fuel reserves in the US and Western Europe reached a historic high. In addition, the growth rates of demand for hydrocarbons remain rather modest. And the East continues to increase oil production from its own fields. Therefore, the situation in the Russian economy can become much more complicated in 2016. And this is the next collapse of the ruble.

"Black Tuesdays" in the history of the Russian Federation

The first large-scale collapse of the ruble occurred on October 11, 1994. The official reason for the dollar's appreciation of 27% was the incompetent decisions of the federal authorities. The Chairman of the Central Bank and the Minister of Finance were dismissed. As a result, after three days the course returned to its previous level.

"Black Tuesday" in 2014 fell on December 16. Some experts called this day the official date of the beginning of the financial crisis in Russia.

The collapse of real estate

Against the background of a decline in prices for apartments, some are looking for sellers ready to drop an additional 5-10%, and are happy with the purchase, which you could only dream about a year ago. Others, on the contrary, are waiting for another large-scale collapse, because sooner or later the "real estate bubble" should burst. After all, it happened so recently in the USA during the World Financial Crisis of 2007-2008 . First loans were given to increasingly unreliable citizens. Then they could not pay for them, which led to an increase in the supply of real estate. The demand remained at the usual level. Therefore, prices began to decline. This led to the fact that people became unprofitable to pay on the loan. It was easier to take a new loan. This situation caused a sharp collapse in property prices. Echoes of the world financial crisis are felt now - seven years after its inception.

Is it possible to collapse the dollar?

Some financial experts have predicted the fall of the US currency for many years in a row. The dollar is foreshadowed by the collapse, which will lead to the death of the entire modern financial system. Especially since stories are known cases of collapse of stable, at first glance, currencies. For example, during the First World War, the British pound fell . All the funds went to the provision of fronts, so foreign trade fell into the background. The final crash of the pound occurred during the Second World War. This is what the United States of America used, whose economy was not affected in that difficult period. In 1944, the Bretton Woods Agreements were signed. Can the tragic fate of the pound comprehend the dollar?

First, experts often attribute the collapse of the US currency to the huge public debt of the United States. But it is advantageous for states to give loans to America, since it is their main market. Secondly, the competitive currency has not yet appeared in the world. Euro, yen and yuan can not replace American banknotes. Too much money is invested in the US economy, so it is unlikely that the dollar will collapse in the short term.

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