本文主要是讲对股市的分析，市场上的泡沫是由于股票价格下跌造成的。检查正反馈;否则，就会导致公允价值的严重偏离，造成市场参与者的模仿和企业的羊群效应。听觉的错误定价效应导致股市泡沫和股市崩盘。利率的上升和新组织的出现会导致股价下跌(North and Caes, 2012)。新公司在市场上发行更多的股票，降低了现有组织的利润率。投资者在市场泡沫期间借钱购买股票。在利率上升的情况下，投资者出售股份以支付应计利息。本篇美国 essay 代 写文章由美国论文通AssignmentPass辅导网整理，供大家参考阅读。
The bubbles in the market are due to the decrease in the stock prices. The positive feedbacks should be checked; otherwise, it leads to the high deviation from the fair value causing imitation among market participants and corporate herding. The mispricing effect of hearing leads to a stock market bubble and the market crashes. The rise in interest rate and the emergence of new organizations can cause fall in the stock prices(North and Caes, 2012). The new companies issue more shares in the market that decrease the profit margin of the existing organizations. The investors borrow money to purchase shares during the market bubble. In the situation of rising interest rate, the investors sell the shares to pay the accrued interest.
Due to this, the selling of shares leads to a market crash. The decrease in the stock prices affects both the investors and banks. The banks are affected as they lend money to investors and purchase shares. The price of the properties falls as the properties are purchased with the money borrowed from the bank which can be explained from the example of bank crisis in Japan and the global financial crisis. The companies take a loan from the bank to purchase assets with the view of reselling its future at a valued price. When price of the stock decreases, then the price of assets decreases which affects the expected returns on assets in future (Siegel, 2008). In this circumstance, the older companies suffer losses, and the wealth of the banks is affected, and a further decline in the prices affects the capital of the banks leading to bank crisis.
The industries with high debts are not allowed to borrow more funds, and banks ask to pay the loan amount. The speculators and developers sell their assets to repay the loan. The prices fall, assets are sold and the overall value of the assets falls which lead to the bankruptcy. The bank crisis in Japan is caused due to the failure of the Yamaichi Securities.