There’s growing concern among economists and investor analyst that the global financial system is hanging by a few well-worn threads that could snap at any time. The $10.4 trillion real estate “bubble” has attracted the most attention, but the shaky derivatives market, hedge funds, and falling dollar are equally worrisome. 20 years of deregulation has created an economic monster which is increasingly unmanageable and threatens to bring down the whole system in a heap.
America is know officially under recession! Understanding the what really happened, how it happened, who is responsible will guide to fix it for our survival. Do we know the way we can harp on this crisis. Sept-October 2008 and today, we have a long dilemma and who knows what is the future of the entire globe. I am slowly thinking that this is really embarassment for the people who manage us. We should get new people to run the show around the globe and crack down the nexus between company and politics.
Joy. Jodhpur. Rajasthan
11 years ago
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