In 2012, we will see a strange scenario: capital hunger and capital surplus coexist at the same time.

Is this the new model of our world?

Global funding gap

According to the following data, the impact on the senses is considerable.

According to Goldman Sachs, there will be 1 trillion euros of public bonds maturing in the eurozone in 2012. According to Bloomberg, the world's major economies are facing more than $7.6 trillion in sovereign debt maturities this year. According to Moody's, the US banking system will have up to $7 trillion of debt maturing by the end of 2012 and another $3 trillion by 2015. China's local government debt due in 2012 was 1.84 trillion yuan, according to the China audit office.

The European Banking authority (EBA) requires banks to have a capital adequacy ratio of 9% by June 30, with a funding gap of 115 billion euros. In addition to Basel 3, the banking industry must dispose of up to $3.3 trillion of assets in the next few years, in order to meet the new regulatory requirements for its holding of capital buffer, and to deal with the problem of capital gap.

Morgan Stanley estimates that by August 2013, the scale of deleveraging of European banks will reach 1.5-2 trillion euros. Russia hopes to cut its deficit to 2.9% in 2012 and reach budget balance in 2015, ready for privatization. The Congressional Budget Office said the U.S. government's budget deficit in fiscal 2012 would fall to $1.1 trillion from $1.3 trillion in the previous fiscal year.