Recently, the US and world’s stock markets have crashed. In the week of March 9 to 13, the US stock markets were shut down twice due to the dramatic index drops; and on Monday, March 16, it experienced the third shutdown in 6 trading-days.
Which factors have led to such turbulent financial markets? Whether the US and world ‘s economies will start its recession and whether there will be another economic crisis like the ones in 1930s and 2008?
Dr. Bill Y. Chen, the tenured full professor at the Department of Business Administration at UWest wrote an invited article to answer the above questions. It is in Chinese and published on the New Beijing Daily, a popular daily newspaper in China.
This article in Chinese can be accessed through the following link: