Three elements occur at the same time. So it became a big problem. We need a locomotive country to pull the world economy out of such a simultaneous depression. China is expected to be the locomotive. China used to be an exporting country,…

The last element is a sudden escape of money by foreign companies. It occurred mainly in developing countries. If a company has a strict shortage of money, it must face the crisis of bankruptcy. We can say same to a country. For example, H…

Another element of the depression is a decrease of exports. Big consumption in the United States has decreased. Many export countries depended on it. A sharp decline in export brings various companies to crisis. Many Japanese big companies…

There are three elements in the global simultaneous depression. One of the elements is the collapse of housing bubble. The phenomenon in the U.S. caused the subprime problem. England and Spain had been having housing bubble. Now they are s…