The analytical program "However," with Mikhail Leontyev 31 May 2012
Theme: "Facebook, as a mirror of the world revolution." The super-expanded social network, the causative agent of the “Arab Spring” and “Moscow Winter”, fails its IPO. Two weeks after being placed on the stock exchange, its shares collapsed by almost a third. All of this against the backdrop of Europe in distress: while Greece is dreary falling out of the eurozone, tilted and scooped Spain. All this, naturally, pulls down oil and, again, our favorite ruble. If anyone noticed.
Against the background of problems encountered by Spanish banks due to falling property prices, the cost of foreign borrowing for Spain is sharply increasing, approaching the critical level - 7 percent. Prime Minister Mariano Rajoy said that the country will not be able to withstand such high rates for a long time.
Above seven percent - this is considered bankrupt. And, actually, what happened? Burst real estate bubble. The same as in America in 2008. The fact is that the entire current economy is bubbles that burst and are replaced by new ones. So, what's the big deal with Facebook: the most promising bubble could not be inflated - not sulking!
Facebook's annual profit was a billion dollars. However, during the initial placement on the market, the value of the company reached 110 billion. After the collapse of quotations scandal erupted. "Deceived investors" threaten the courts: allegedly Facebook concealed some indicators. And the JP Morgan and Goldman Sachs banks played in the markets against Facebook.
That is, the bad boy played against the king, so it turns out ?! Because the bubble - he is a bubble. A billion-dollar company cannot cost 100 billions. However, until now it was believed that Internet dot-com companies that are expanded to cod are the most promising field for inflating bubbles. Even after the market crash of 2000, when the market for Internet companies almost doubled. And now - on you! Zuckerberg’s coveted bladder turned out to be a one-time condom.
"It turned out that today even stupid speculators are not ready to invest in an incomprehensible way, well, the smart ones simply did not invest. If this bubble existed at least 3 of the month, then one could hope for something from the point of view of the further development of this scheme. reality, it lasted for several hours, and this means that the system of financial market development that had existed for several decades has practically ended, "said Mikhail Khazin, economist and president of the Neocon consulting company.
That is, the process of expanded bubbling - the only way the existence of the current financial system, which its advocates considered eternal, is exhausted. And, by the way, oil is also a bubble. Only much bigger.