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Getbig Main Boards => Politics and Political Issues Board => Topic started by: MB_722 on June 03, 2009, 01:54:21 PM

Title: Why the economic collapse is unavoidable - Economist from Berlin
Post by: MB_722 on June 03, 2009, 01:54:21 PM

Quote

www.berninger.de
While economists still talk about an eventual recovery from the recession, I believe this is impossible. Here are some arguments which combine to the message which makes me believe that the world financial system has entered a state of creative collapse. Basically we pushed out to the end of a credit system life cycle and now need a restart of the system. in consequence there are only a few companies, states and currencies which might be able to cope with the reset of credit conditions and interest rate hikes.