The reason why the financial crisis has spread to the world is largely because each economy has experienced 6 to 7 years of extraordinary financial expansion, financial innovation and the unprecedented development of financial derivatives during the economic prosperity period. Under this model, the prices of various assets are constantly being irrationally pushed up. The key to the governance crisis is to return various assets that have been hyped to high prices to their reasonable price levels. A period of asset devaluation is inevitable. , This is the debt repayment for the past speeding appreciation.
an accurate summary of the passage?
High levels of asset prices should be maintained through government action or propaganda