"The country where the tail is waving its body"

"The country where the tail is waving its body"

Looking at the relationship between finance and the real economy, if finance is the tail, the real economy is the body

However, as often witnessed in the stock market, the tail of the futures market distorts and shakes the stock market, which is often the body, finance has often shaken the real economy and thrown it into chaos

The U.S. financial crisis of 2008 is a prime example of how finance, typically the tail of the tail, shook the real economy, plunging it into recession and chaos

The so-called financial liberalization movement began in the United States in the early 1980s, and the GDP ratio of private debt, which was only 6,70% in the 1980s, exceeded 250% in 2008, eventually causing a global financial crisis and causing a huge impact on the global real economy

In Korea, financial liberalization has progressed rapidly since the 1990s due to the wind of globalization, following the trend of liberalization of the "disordered financial supply" system and external justification at the time of the death of the so-called 治
It spread rapidly

This completely cost the government the means to directly control the "總量 of debt" in the private sector, leaving the 總量 government unable to control the "總量 of debt" and unable to do anything about it when it saw housing prices skyrocketing, resulting in it being branded an "incompetent government under the throne" that has doubled property prices

Even after the advent of the Yoon Suk Yeol government, the distortion of the tail wagging its trunk has not been corrected, making it unlikely to be able to reduce the level of abnormal household debt. Personally, this is an important reason why the Korean economy is highly unlikely to escape the body-shaking financial crisis