The Day After Tomorrow

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The Day After Tomorrow is a sci-fic movie about Global Warming. In the movie, Global Warming changed the weather and cracked polar ice shelves. The melting of icebergs disrupted the ocean current, as a result, the temperature dropped down rapidly and the world went to Ice Age. The above is the plot of the sci-fic, yet the same plot happens in the reality. It happens not in the real world, but the financial world. Because of the financial crisis (or so-called Financial Tsunami) due to overexpansion of loans and derivatives, banks restrict their loan applications and cut companies' overdrafts. Therefore, many companies, especially for SME, suffer from capital turnover trouble. It leads weaker companies to bankrupt and the bankruptcy makes others worse as a domino effect. Perhaps we have entered the ice age of finance or another Great Depression.

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