Why Doesn't The Stock Market Reflect The Imminent Global Depression? -- Steven Strauss, Business Insider
We seem to be heading towards an economic downturn equivalent to the Great Depression of the 1930s.
This isn't a secret. The synthesis below is derived from: Lawrence Summers, Nouriel Roubini, Simon Johnson, Niall Ferguson, and Paul Krugman to name just a few. This crisis is not happening quickly.
It's more of a slow-motion train wreck—Greece's crisis started in 2009. But that leaves a puzzle—why is the American stock market not reacting to obvious warning signs?
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My Comment: Having witnessed what happened to Russia after the Soviet Union collapsed .... and now seeing the similar economic debacles occurring in Spain and Greece .... governments who have made it a policy to manage our public debts and financial systems without regard to the consequences of their actions (i.e. too much debt) have clearly failed. Speaking personally ... and as one who lived through all of that .... my only hope is that this failure will not impact my part of the world (i.e. Quebec, Canada). But in the world that we live in today where everything is intertwined and networked .... I fail to see how this day of accountability can be avoided.
In short .... it's going to happen. My only question is .... how bad .... and how long.
1 comment:
I think its very hard to recognize how much time it will take to resolve this issue. Every Country is bearing such economic in downfall. I hope this will cover asap.
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