目前世界三大经济体的大概情况:美国已经走出谷底,正在复苏的过程中,经济不断向上。对于欧洲而言,最坏的时刻还没有到来。中国经济的调整才开始,下行的趋势会保持一段时间。把这三大经济体放在一起比较,是为了从经济的基本面进行结构性分析。影响宏观经济的结构性因素有多个,我想强调其中之一,这就是资产和负债的结构,从国家资产负债表失衡的角度分析全球金融危机以及中国经济增长的放缓。大家都知道,一个企业如果负债太多,现金流一旦出现波 At present the world’s three major economies about the situation: The United States has bottomed out in the process of recovery, the economy continues to rise. For Europe, the worst moment has not yet come. China’s economic adjustment began, the downward trend will remain for some time. The three major economies are put together for structural analysis from the economic fundamentals. There are several structural factors that affect the macroeconomy. I would like to emphasize one of them. This is the structure of assets and liabilities. From the perspective of imbalances in the national balance sheet, I analyze the global financial crisis and the slowdown of China’s economic growth. We all know that if an enterprise debt too much, once the cash flow wave