A Deeper Look to the Financial Crisis and the Supposed Financial Growth in 2010
The economy will recover from its crisis, maybe it won’t. Finding the answer to this question is very hard yet there are some indications to be considered in finding the reality. Many economists think that 2010 will be the back to growth year; it could be true but let me reveal some urgent questions. The first question I would like to have an answer to is that lets assume we will get back to growth but is this growth will be high enough to generate sufficient amount of money to pay the costly bills the governments paid in the crisis time? The second question I would like to have an answer for is that would the growth reduce the high unemployment rates that we are suffering from almost every where in the world? The final question and the most important one is that would this growth be a real one or it will be artificial? (That is artificially raised by collateralized debt obligations and Ponzi scheme financial tools).
The later raise in major stock markets in the world was greatly dependent on the governmental help and the money that was pumped to save economies. Off course if you pump 700 billion dollars in the US economy alone stock markets don’t have any choice other than raising, but the demand for goods and services is still on the same levels although there are some positive indicators that show increasing demands, but is it enough to take the economy to a healthier status. I think we need some more time and bigger scarifications to repair the financial, economic, production and even consumption systems.
Another point to consider is that lawmakers should check after the people who where behind the crisis. Let us my friend check out where they are???Unfortunately you are right they are in their positions doing the same work and taking the some amount of money, but who paid the bills of the crisis it is the poor low class workers. I think the people who where in charge before the crisis should be questioned for their role and some of them should be wiped out.