China Financial Daily

Yale University professor: Even now the stock market jumped a few months fine-tuning is no problem
“The next few years will not happen again a new wave of crisis.” Institute of Management, Yale University Professor of Economics at the financial well-known economist Chen Zhiwu August 14 that in Shanghai.

Chen Zhiwu, the same day his new book on the “financial logic” seminar held on the above statement. In his view, the originator of the 2007 financial crisis the world is nearing completion, will not be any so-called “second wave of shock.”

“Even as some experts predicted, the field of commercial real estate and credit cards there, but also will give rise to small-scale adjustment is unlikely to cause a panic in a crisis.” Said Chen Zhiwu.

In fact, on their own hedge funds have told the Post reporter Chen Zhiwu, the current U.S. financial market has returned to the orderly operation of the state, “If by a percentage point to describe, I think, at least to restore nearly 90%.”

A week ago, the Fed issued a statement just decided to slow down the purchase of a total of 300 billion U.S. dollars of treasury bonds. Taken the first time, intended to stimulate large-scale plans to end the “one small step”, so that many economists have become increasingly convinced that the crisis will be past.

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