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companies, banks, of course it should close the door. Provide assistance to its credit, is only a waste of social resources, resulting in credit markets deformity. From the perspective of society as a whole, much less directly to the employees of these enterprises provide social security and more cost-effective.Through the above analysis, it is easy to come to a conclusion that we are talking about small and micro enterprise loans, the loan should be mainly refers to the second class and thircheap cat boots onlined class inferior general corporate businesses hard. The third class of business we should put it in itself excluded from credit, financing difficulties of its existence itself is reasonable. The so-called lack of bank credit effective demand means lower credit demand that is first class and second class quality enterprises, secure credit object is valid credit needs in their eyes, while the second category with three companies are inferior irrelevant, therefore, the foregoing policy transmission failures will exist.Second, the cost of credit for small and micro paradox instructions can not cover high-risk high interest rates can not be accomplished by this benign credit cycle.These three types of enterprise financing difficulty increases, the cost of obtaining funds also increased, resulting in more costly enterprise the more unacceptable to accept high interest rates torture. In the mean probability, the mortality rate of these three companies will gradually increase with rising interest rates. SAIC data show that about 50%, which is still on the rise over the past few years, the economy within five years of mortality data of small and micro enterprises. The second class and third class enterprise mortality is much higher than 50%, but it is precisely the latter two companies have to bear higher, their unbearable lending rate, which is the paradox of small micro-credit costs .Financial institution if you want the profitability of small and micro-enterprise credit, you must ensure that the selection of the relative safety of their own a little better from the second class business enterprise in order to escape the remaining dangers. In a market environment, in terms of profits and security, there must be more than half of small and micro enterprises to which banks are not providing loans of. This data is not accurate, but also some subjective judgment, but in fact it is an objective reality. Financial institutions with high
 
interest rates if you want to cover high-risk, the result will inevitably lead to more and more to their credit target third class of inferior enterprises transfer risk multiplier effect, not a little more interest can be resolved.Bank identification security tool is the interest rate and credit requirements of small and micro enterprises. Simply put, the bank credit requirements of the enterprise, the more credit interest rates will be lower, because there will always be competition in the game due to the behavior of the inter-bank companies and banks. So, what level of interest rates set at a standard, generally means that you choose which category in which these three companies or which part.Loan officers often work in the long run virtually follow a standard - "safety margin rate", this argument no one made it clear that it is an objective reality. "Safety marginal rate" means in a certain period, under certain financial environment, to ensure that financial institutions in the capital preferred credit object relative safety of the premise, while maintaining a reasonable interest rate and profit. From a macro considerations, in the "safety margin rate" range loans, non-performing rate is controllable. Which along with changes in the economic and financial situation and constantly adjust, but most of the time close to the industry average social return on investment, far below the average private financing rates. It is about the average cost of financing between general business acat boots salebout the second category, on the left of this interest is first class and second class business enterprise before 50%, its second-class enterprises in the secondary right is 50% and the third category business.But in the credit work hard to do so accurate, because the quality of small and micro enterprises resolution is an extremely difficult job, companies are constantly changing in the development process. Interest rate is a litmus test, but can not solve the problem fundamentally, it requires financial institutions to have a very good, reflecting the degree of support agile air control. In macroeconomic upward, gradually increasing market liquidity situation, "safety margin rate" would be an appropriate increase in the macroeconomic downturn, market liquidity is tight when the "safety margin rate" will be correspondingly reduced. Due to the huge banking institutions, and has been pursuing unilateral credit scale growth, it can not be done in time-trial style and standard switching signal. Many of the big banks choose to do only the first part of the first class and second class enterprise companies, and small banks prefer to do the


second class of enterprises, especially enterprises in the latter part of the second category, but once the economic downturn, small banks if too late adjust credit structure, adverse rates will quickly engulf its previous high profits and losses are formed. Private financial institution if you want to survive, they can only take advantage of its flexibility to survive in a narrow space, which is why these agencies generally can not expand, because once on the scale it is easy death.Since the second and third class companies must provide long-term credit assistance from the outside, so this fragile ecosystem can easily lead to a crash. China's economy continued to cover up years of rapid development of this rule. Until 2008, when the death of a great wave of small and micro enterprises is a normal reaction to such ecosystems, then the formation of a strong stimulus a lot of liquidity, but also makes the continuation of danger. Even today, the real economy continues to hover at the bottom of the consecutive 31-month PPI downside is already a large area to make this crash, the short term is difficult to be reversed.Said the country's banking industry is profiteering is actually a joke. More than 60% of credit funds to invest in the government and state-owned enterprises of various types of platforms, this is purely endorsement by government credit left and right of the game, forming a bank book huge profits, the bank has actually turned into another financial, liquidity credit funds already been kidnapped, the book business profits mean  Short-term high-yield 30% less than the formation of small micro-enterprise loans, long term economic development is bound to be the bottom of the cycle of erosion, now reflected in all aspects of the situation have been able to fully explain the problem. The larger the total amount, the higher the interest rate banks will suffer greater losstimberland boots aues, high-yield high-risk coverage can only be a dream.Third, financial institutions, business loans for the second class, bringing the high and low social economic efficiency, the developed countries on how to resolve this contradiction Our country is still developing, trapped in the technological level, lack of innovative capacity and many other factors, enterprises
 

is basically a gag-type figure, "Black Rain," the protagonist is dying of cancer Sri Lanka's Yusaku Matsuda, explosive performances overshadowed the M III Takakurtimberland au 6 inch bootsa Ken (Takakura alive inside and play Civilian), while in "Mr. Baseball" slapstick film in such a small cost, charisma basically not play, coupled with not accustomed to Hollywood's way of thinking, and later abandoned all further contact.Takakura's old and Japanese recession is synchronized, in fact, that is the end of the Showa era of the 1980s, with the Japanese idol industry matures, entertainment culture, increasingly diversified entertainment facilities, all kinds of fresh idol, endless entertainment, Film has long been the impact to pieces, Showa man that set of values ??and acting style has become a memory. Heisei era since Ken Takakura's road show is almost finalized in affectionate fatherly (The couple had no children 'cause dear to you, "Lane), the husband of this area, the younger generation of his less familiar, Takakura has just nostalgic name a lot of people's minds.Attentive fans should be able to see, 1994 High-starred Ken Takakura director Kon Ichikawa's "47 people assassin", the run has been slightly difficult brandished a knife. After that, in cooperation with lowering of the flag Yasuo "Railway workers", "Riding Alone for Thousands of Miles" (in part by the lowering of the flag of Japan Yasuo Director) "To my dear you" three films that can be considered "old age trilogy," The Showa tough guy starred Airan fatherly, affectionate husband, still stubborn and silent as long as he can perform with his eyes and body touching detail, this charm only Showa man to do the job.So far, the world is no longer Takakura. This year the central bank [microblogging] continuous borrowing by mid convenience (MLF) release of liquidity to financial institutions, requiring targeted support the financial

needs of small and micro enterprises, the credit resources more configuration to "farming", small and micro enterprises key areas and weak links. However, on the one hand reflects the real economy, the bank due to insufficient effective demand plenty of funds in the interbank market, on the other hand it is the small and micro enterprise financing difficulty and failure voices, what exactly is the cause of the policy transmission failure Small and micro enterprise financing difficult topic has been discussed over and over again, but most remain in social responsibility and financial institutions heartless category. The author attempts to small and micro credit risk and cost profit and loss analysis, parsing the various problems of the current small and micro-enterprise credit from another point of view and expose the reasons for its most essential.One, is not immune to all small and micro enterprise financing Four national ministries issued a "micro-enterprise approach to medium and small statistical division" on the ditimberland roll top au bootsvision of small and micro enterprises more specific, many factors, but the fact of China's financial sector has never been nor need clear division, small and micro enterprises, each Most banks based on risk preferences, put the scale for statistics, do not strictly enforce the above classification criteria.From bank credit and risk control perspective, the general contemporary China's small and micro enterprises simply divided into three categories.A class of business: high-quality companies, with certain scale and better profitability, management stability, good credit, with scientific and technological innovation or market advantage, the actual control of high quality, strong management capabilities, high availability collateral quality, the credit risk and small.II Enterprise: general business, business is relatively stable, profitable general, assurance measures is weak, there are other conditions have superior inferior, there is a certain amount of credit risk. Most of these companies belong to agriculture, forestry, textiles, clothing, toys, leather, furniture and other labor-intensive industries, greatly affected by economic cycles, changes can easily occur.Three types of enterprises: inferior enterprises, mostly living fully competitive and a sunset industry, with inexperienced start-ups and backward production capacity as a representative. Under normal circumstances, these poor business management, backward technology uncompetitive market without the right to speak, almost no profitability, on the verge of collapse or significant adverse credit record, low social

viability.Although the above classification is not enough scientific description is not entirely accurate, but credit work, this standard is still relatively practical.For the first class quality companies, banks with interest rate advantages and product advantages competing delivery. For such enterprises, loans basically there is no difficulty, only the preferred bank can. Such enterprises have credit risk is often caused by excessive credit. Since the borrowed funds exceeded their needs, will normally invest a lot of money has nothing to do with this industry, real estate, mining, civil and financial well-recognized industry profits, and ultimately the formation of risk due to various reasons. Of course, this does not seem like a high-quality corporate awareness in society in general as. The proportion of steel trade categories such good liquidity, turnover rate, trading volume, fast cash businesses also were once considered to be of high quality banking business, leading to everyone competing to enter, while the steel trade enterprises downstream happens due to iron ore, Such so-called windfall real estate industry, it is easy to platform for financing tools, a large number of short-term credit money into long-term occupation of the unknown, and ultimately lead to liquidity risk.For the second class medium enterprises, the bank's attitude appeared very clear differentiation. Style prudent bank would use interest rate and scale advantages relative safety from preferred customers, or simply a passive attitude toward this part of the customer, focusing on medium-sized enterprises; part of the bank specializes in small and micro businesses, as a blue ocean, with big firms to differentiate competitive, aggressive and, over a period of time to get a high rate of return. Howevebuy au bootsr, this part of the business and more labor-intensive businesses or fully competitive industry, high labor costs, profitability is weak, resulting in its ability to fight against market risk is poor, often becomes a kind of high risk.For the third category of low-grade
 

t image of Japanese men, this person may be a father, husband, colleagues, friends, whether he Where can shine like the sun, driving around with people who follow the warm burst, even if he stood on the poster, Nongmeidayan contemplation, bronzed skin is burning hormonebuy timberland earthkeeperss wonderful effect.However, like in the Westerns of John  Wayne Westerns is to the Clint  Eastwood, legendary achievements to match each other, is a landmark on the big screen image, gangster films, RenXia piece is Takakura's screen representative image, in order to fully see this man erupted from the ground, from the mud in courage and determination to stand up for each veteran Japanese movie fans in mind, as long ago "Japan knight Biography" "Showa residual Xia Chuan" "Abashiri special episode ground "and other films, will be for this man's blood tremor was excited Chung.It can be said that the Chinese people are familiar with the "hunt" "Happy Yellow Handkerchief," "The Call of the mountains", "Straits'" Katherine rule tavern "is not yet considered Takakura masterpiece. His later works, the biased mainstream commercial and sentimental, when not so hot-blooded youth righteous spirit. His golden age forever in Toei, Toei rich stay in the gangster film, the film was Chivalrous.Play knight must have Xiaqi, Takakura Xia, reflected in the eyes, life unchanged, sharp perseverance, elderly leader of the lift, as the opponent, but also to feel powerful aura. The so-called tiger old eyes are not old. These are big thanks to the spirit of the gift Showa era, and tap his masculinity directors. That's a sissy almost difficult to form on film acting achievements.Toei old director Makino Masahiro, Saeki Qing, who can count Takakura's

 mentor, these born in the Meiji or Taisho era old director, experienced a Japanese film twice a golden age, they put their hearts inherited old-fashioned Japanese man's blood and gallant air, all taught to the Ken Takakura, lucidity show in "Japanese knight Biography" "Showa residual Xia Chuan" inside. When Takakura half-naked, tattoos dazzling in the snow, wilderness and opponents fight when Shaw martial arts in Hong Kong has just begun.And New Wave director comparison, Masahiro Makino, Saeki clear these old director things seriously, people doing things the old-school dedication, a plate a shot, almost Takakura as godson. They Toei shooting Takakura when some columns RenXia piece of the protagonist, but also took a female RenXia film "Red Peony Gambler" series against the background, the heroine is a small Takakura teenage rich Division Junko (formerly: rattan pure son, acting school actress Shinobu Terajima's mother), Ken Takakura and Junko Division rich slice in each other's house guest, either interoperability kindness lover, either sympathetic knight, is very humane.Toei era Takakura positive youth, the image of the traditional RenXia and gangsters of the show, have faith, covered with righteousness, speaking Lutheran and friendship, perseverance, like Shaw Chang Cheh movie disc intestinal war knight that same period, as can be to the hearts of faith Shashenchengren, life for justice. That is, the 1960s to the 1970s, this period is the golden age of Japan's postwar economic boom, the Japanese film ushered in a second golden age, everyone speaks a word "fight", Takakura represents the passion and desire to the hearts of many men .Takakura's death, the spirit of equal representatives of Showa generation tough guy to leave. This tough guy, and rogue, hustlers, mixed hesitate, hooligans, thugs are different, Hideo his tough exterior and inner high degree of unity, thus Takakura performances knight, not a realist Kinji Fukasaku gangster film better than anyone else the kind of Stealing from Thieves brutal bully, but the spirit remains the Meiji era samurai swordsman, Zatoichi as famous as the turbulent social change of the living, who remain in the agricultural age ronin temperament.Legalization of Japan in the gang, has been the men believed that the truau field timberland bootse chivalrous, benevolence, righteousness heart, sense of shame of such antiquity, not politicians mouth, not in any modern corporate organization, and in the century-old gang, th


e Pirates also road, we observe the ancient existing manly act in height towards the modernization of the Showa era, many people also maintained this ambition and tolerance. And even until the Heisei era, Takeshi Kitano was born in the Showa era this man as a director, is also still miss the Showa era gangster films in the footsteps of man's demeanor,Some people say that in the mid-Showa era, that is, around 1960, a test of a male actor is like a Showa man, except to go play outspoken warrior, followed by speech Toei's gangster film, Ren Xia films, look at this man inside a circle of men can not kill them, step by step from the bottom of society poke dark clouds, look for a bright future. Takakura passed this off test. Just from those in the shadow of the fact that he is handsome young male, from 1956's "electro-optic karate" to help the guest in the village of Kam "Miyamoto Musashi," no clear road show until "Japanese knight Biography" series.In addition to "Japanese knight Biography" "Showa residual Xia Chuan" These costume RenXia films, in the 1960s, Ken Takakura modern man image, is by the famous director Dan Jinghui men completed their film "Abashiri Fan Field" series, gangster themes below encompasses prison, fashion, driving skills, etc., or a black leather trench coat fluttering Takakura, handsome glare, he came out of the snow in Hokkaido prison, to see the end of the distance, all unjust to declare war. This does not succumb to the dark Takakura, is also a symbol of the sun as bright Showa men.Chinese audiences are fabuy timberland radler trail campmiliar with Ken Takakura is basically from the film he left Toei system later, but the short hair, coat, leather these modern attire, still continues, "Abashiri Fan Field" series, shape, lowering of the flag Yasuo Yamada Yoji, Moriya Shiro, Sato Junya and other peers director for Takakura alive eighties set a new mature man image, especially with the lowering of the flag Yasuo cooperation of multiple outstanding works, including Zhang Yimou tune "Trinidad Riding Alone" even Takakura 2012 In the posthumous "To my dear you" by his guidance.The late eighties, Ken Takakura and Hollywood have had brief contact, filmed director Ledley  Scott's "Black Rain", Fred  谢皮西's "Mr. Baseball." However, in these film house swap
 

consequences: it obscures the economic structure of the problem itself, weakening the crisis to stimulate economic restructuring and innovation leverage, and the formation of stagflation. Faced began in the 1970s in Western countries increasingly serious problem of stagflation, with Friedman as the representative of monetary doctrine began to rise.Friedman believes that the Keynesian economic policy is based on unemployment and inflation on interchangeable, but the reality is that both can be used interchangeably in the short term, due to people's rational expectations in the long term as well as through increase the protection of their own interests and are not interchangeable. In this case, the expansionary fiscal policybuy timberland boat shoes will bring stagflation. Accordingly, Friedman proposed a "single rule" of monetary policy, asking the Government to the annual growth rate of money supply in the long-term fixed consistent with the expected economic growth levels.After the subprime mortgage crisis, scholars in theory the emergence of different arguments. When the Bush administration's Treasury Minister Henry  Paulson was firmly opposed to government intervention in the free market, but under the severe impact of the crisis, he had to start from a realistic consideration, change policy advocates, argue that direct government intervention in the market.Stiglitz subsequently published "The End of neoliberalism," a text that the neo-liberal market fundamentalism was always a political doctrine serving certain interests, and never supported by economic theory, historical experience has not been confirmed Learning this lesson may be clouded now a glimmer of hope in the world economy.For this type of emergency bailout policies nature, Krugman won the Nobel Prize in economics in the day, in the "New York Times" published an article discussing the bailout issue, criticized the Bush administration's "two always" (the market is always right The government is always wrong), and proposed a crisis response plan:First, to avoid paralysis of the financial system, implementation method is to inject more funds through traditional banking and shadow banking to the financial system, if a capital injection effect is not significant to the financial system can implement a comprehensive temporary nationalization; secondly, the credit market recovery After taking efficient Keynesian fiscal stimulus measures to address the threat of global recession; and finally, when the economy recovery momentum, then you must turn to preventive measures to reform the financial system and prevent crisis again. (This article is selected from

the Assistant Chairman of China Securities Regulatory Commission Zhang Yujun book, "Financial Crisis and Reform") in Australia since the signing of free trade agreements led to numerous disputes, generally worried after four years in Australia will impact China's dairy market and give a huge dairy farming threat. The reason is the same with the Australian Dairy advantage of cheap, convenient and Australia plus shipping traffic, low logistics costs, future addition to iron ore, coal, meat, milk, represented by agricultural trade will be the largest project in Australia . 2013-2014 year, the average purchase price of raw milk in Australia 2.9 yuan / liter, compared to Chinese raw milk price of up to 3.9 yuan / liter, while the price of a large ranch is reached 4.5-5 yuan / liter.But in fact, compared with the New Zealand and Europe, Australia and the impact of China's dairy industry has little effect. New Zealand about 4.5 million dairy cows, milk output of about 20 million tons, mainly the production of milk and other raw material products, including the production of about 1.3 million tons of whole milk powder, skim milk powder 400,000 tons.New Zealandbuy timberland chukka boots native population of 4 million, about 70 kg per capita dairy consumption, therefore, approximately 95% of the dairy for export, in 2014, New Zealand is expected to export about 3 million tons of dairy products, including whole milk powder exports about 1.3 million tons. Compared to about 2 million Australian cows, milk production is about 10 million tons, the Australian population of 11 million people, more than 100 kg per capita dairy consumption, so the New Zealand dairy products for export is relatively small, especially as good as the raw material of dairy export advantage new Zealand.Europe is the birthplace of the modern dairy industry, Germany, France, the Netherlands, Denmark and many other countries are developed dairy industry. Owns Nestle, Danone, Friesland, Allah, Suo Diya other famous large dairy production enterprises, rich category, hundreds of well-known brands around. In terms of finished products and brands, Australia and Europe far. At present, the major infant formula market in Australia with Danone, Mead Johnson, Abbott based.Therefore, the finished product and the brand better than Europe, Australia export advantage. Australia currently has a comparative advantage in the export is UHT milk, famous brand "De Win" has a certain influence in China, due to the relative


transport facilitation, transport radius is short, so it has a certain advantage in the UHT milk shelf life. But the overall proportion of imports in the domestic low, 1-9 months of this year, China imported UHT milk in Australia about 26,800 tons, 11.2 percent of total imports.Australia belong to the resource-based trade complementary advantages, the FTA will contribute to Australia cheap agricultural products, energy, mineral products to enter the Chinese market to meet China's growing consumer demand. In the long run, in the whole agricultural products, as opposed to milk, meat, aquatic products imported in the future a greater impact on China.In addition, Australia FTA advantages outweigh the disadvantages, more performance in Australia greatly reduce the threshold for access to the Chinese capital. Due to Australia's rich resources, the future of China's demand for New Zealand again after security is a good platform, but agricultural resource control and trade the right to speak are firmly in the hands of large foreign companies.Australia reduced Chinese capital barriers to entry, will greatly stimulate China's industrial capital investment in Australia agro industry, thereby supporting role for the future of China's dairy industry in international trade voice and pricing play. In addition to dairy products, is the Australian cooperation in areas such as energy and minerals in Australia FTA most attractive and most valuable parts.Currently, the dairy industry is concerned, Yili, Mengniu, Guangming, Sanyuan, Bein US (16.10, 0.04, 0.25%) and New Hope (14.09, 0.08, 0.57%) has a layout and investment. I believe that the enormous potential for the future of Australia's dairy industry, but a large part of these latent growth is expected to be China's capital investments. In Chinasale timberland boots online in the 1980s, Ken Takakura's "manly" image and the "under mountain garland" in Tang Guoqiang this Naiyouxiaosheng relative ratio. Undoubtedly Takakura is drama off screen tough guy, but Chinese fans familiar Takakura and Japanese movie Takakura and not the same, because then dubbed the introduction of the "hunt" "Happy Yellow Handkerchief," "mountains of calling for" "Strait "" Katherine rule tavern "and several lay Takakura image of the film, in his late works, represents only one side of Takakura.Takakura gifted with a burly strong, silent man Showa good looks, on behalf of the postwar positive, hard work, courage to play, calm and confiden
 

mobile chip market is facing the same situation, and this situation until a few days ago to move the chip sector and the PC sector consolidation, before spending a few yeabuy timberland bootsrs and threw more than 100 one hundred million US dollars were no substantive change, Or why the merger. This also reminds Qualcomm, enter the server chip market, especially into the early throwing money is inevitable. But now contrast Qualcomm and Intel revenue and profit, it is clear the strength of Qualcomm throwing money at far less than Intel.The latest quarter results, Qualcomm revenue of $ 6.81 billion, net income of $ 2.24 billion, compared to Intel's revenue was $ 14.6 billion, net income of $ 3.32 billion (which is, in its $ 1 billion has been lost after that). Visible gap between the two. Even more critical is that Qualcomm's revenue and profit from a considerable part of its patents in the mobile chip market, but once into the server chip market, these so-called revenue-generating business model will fail.However, as is often said, money is not everything, so insiders would say low Qualcomm chip architecture based AMR power consumption, cost advantages, the problem also came, Intel had vowed to enter the mobile chip market, but also his performance of the chip is different from the ARM architecture chips as a selling point, even though the smartphone and tablet computer chip performance really is rising, but Intel still did not seem to find their foothold in the mobile chip market, even at a huge and almost white approach also failed to reverse this embarrassing. Where exactly is the problem in  Different said earlier, market and customer needs, industry ecosystems on the last. This decision makers advantage in this area may not be the advantage of each other in the field, the user needs in this area may not be the user needs Piguet field.The industry knows that in the server chip market, performance and solutions are the most valued market and users, while Qualcomm has the advantage of low power consumption and highly integrated chip. As for the so-called cost advantage should be noted that, due to the current server (data center) market, most companies using the Intel X86 chip architecture, the server if an enterprise to adopt the ARM architecture, not only need to invest in a new server components, but also investment architecture port applications, which will make use ARM architecture chips server cost advantages greatly reduced.I


n response, Vice President, has some of the world's large-scale data centers Amazon Web Services (Amazon Web Services, AWS) James  Hamilton (James Hamilton) in the Amazon AWS Assembly recently held that a lot of their manufacturing server data center operators the need for more efficient components (emphasis EER), rather than the pursuit of declining prices. In fact some of the adoption of the ARM architecture server customers have had to pay more.In addition, from the development trend of the server industry point of view, it is already not a simple chip competition, but on the entire platform to build chips and optimization. For example, software-defined infrastructure Intel recently proposed that representatives of this trend. That innovation and trends from the server chip industry's perspective, Intel and Qualcomm is simply not a level. This is why Amazon has been rumored to be used before the ARM architecture chips to build their own servers and data centers, but Amazon has alwabuy cat bootsys adhere to the root cause of X86 architecture. According to Hamilton's words, the pace of technological innovation using ARM chip makers Intel can not keep up, so Amazon is not ready to replace their server chip suppliers. Moreover, since the end of last year, ARM server vendor Calxeda pioneer collapse and earlier this year, NVIDIA and Samsung has to abandon the development of ARM-based server chips, are clear to the ARM architecture chips have missed the best opportunity to enter the server market. Finally Qualcomm mobile chip market is currently enjoying, despite the Qualcomm still in the leading position, but the level of competition is much higher than where you want to enter the Intel server chip market. Among other things, at least there is a hot pursuit of MediaTek. And before the server chip market, AMD still get in on the opponent's already been defeated and switch to the Intel ARM camp, but until today, no substantive dazzling performance of its place in the server market. Stabbing outside must first be peace within the so-called, in this sense, the high pass into the server chip market and reluctant to assume the risk of possible fire "backyard" than Intel had to enter the mobile chip market is much larger, which also determines the future ev
en
think like Qualcomm Intel had to enter the mobile chip market is so desperate, it is difficult to have a robust and sustainable support.Comprehensive analysis above, we believe that now Qualcomm to enter the server chip market is inappropriate, and from Intel to enter the mobile chip market, the external environment, industry development trend of the many comparison, the high-pass cross-server chips will undoubtedly enter the mobile Intel chip market to repeat itself. 1930 Previously, theoretical economics to Say and Ricardo and other human representatives dominate western economics. They think: under conditions of free competition in the market through self-regulation mechanism can make the best use of resources to achieve full employment, and as an example of capitalist society is not an economic crisis. However, the 1930 economic crisis declared bankruptcy Say's Law and neoclassical economics.Inspired by British economist Richard  Ferdinand  Kahn (RichardFerdinandKahn) multiplier theory, and Joan  Robinson (JoanRobinson) is subject to the doctrine of imperfect competition, in 1936, completed Keynes' The General Theory of Employment, Interest and Money, "a book This marks the modern macroeconomic theory system formation. Cairns basic diagnostic system of liberal capitalism disadvantages are: laissez-faire economy and society can not provide full employment, can not protect the reasonable distribution of wealth and income. To remedy these shortcomings, the government must end "laissez-faire", the use of aggressive monetary and fiscal policies of aggregate demand management to help achieve full employment; the use of income redistribution policies to reduce inequality of wealth and income in order to expand effective demand .1920-1939 is the root cause of the Great Depression of the lack of effective demand, the government should intervene in the economy by expanding fiscal spending and tax cuts and other measures to increase effective demand. In terms of policy advocacy, Keynes argued that fiscal policy is more powecheap cat boots onlinerful than monetary policy, because of severe depression will make the money supply can not have an effect on interest rates, and therefore can not stimulate investment, but fiscal policy can more effectively influence the economy through the multiplier effect produced out.Keynesian economic theory to help maintain the prosperity of Western countries a long time, but in the long run, it's also obvious negative