mthurston says
I believe that there is a psychological aspect of crisis as well as very real one, but this is just the classic case of chicken-and-egg. One could argue this crisis, more specifically, the credit crunch, didn't just spring up overnight. We all walked into this and it will take as long to get out, which means we swallow our pride and get through it. Yes, its the banks, but its you and me because it affects you and me. Its one thing to point fingers but its another to effectiely avoid the problem next time around.
On the flip side, as Asian markets heat up, we might recognize this as a sign of the times; the world is no longer a two- or three-player game. The US is not the biggest dog in the yard, but this isn't a doomsday prophesy either. Its all about sticking to priorities that qualified public administrators can effectively handle.
wARtist says
Definitely not. The trillions of dollars can never just disappear. It should be transferred from the US citizens to someone. As we know, that someone is not the US Government, not any companies. Who would that be? Goldman Sachs? Morgan Stanley? UBS? Credit Suisse? Or the Federal Reserve System?
Here's the truth.
JC Grif says
The banks have stolen $14.5 trillion from the American taxpayer; you better believe there is an economic crisis and its not going away.
panchajanya says
To pin point u r question.. yes there is an economic crisis. Leave apart the problem in financial terms. It is more of a psychological aspect where people start musing over an unseen gaint. Talking about him, feeling afraid of him.They stop roaming outside, trying to hide.
The same psychological aspect is one of the causes of freezing of liquidity in the markets and aggravating the situation.
The more bold the decisions are made from a multitude of groups can bring out a change.
AM Man says
Our economy has always recovered before.
The American people are the hardest working and the smartest in the world!!
We are in a time when the economy is making an adjustment due to all of the credit that has been extended and not been repaid.
We are not in a crisis but our children will be,due the massive debt that they will have to repay because of Obama,s expansion of our government.
You will see the economy start to recover greatly if ,in 2010
new senators are elected who can repeal 2/3 of the stimulus.
54Is there really an economic crisis?
This economy is broke money is a lost hope for this economy. Lets get all the hundreds of billions from these banks businesses open new honest businesses that will values the buyer and investor. Bailing these... keep reading →
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