Wednesday, March 07, 2007

Crisis In The Global Economy?

CRISIS? Some commentators are saying that the financial markets (that is the stockmarkets etc) will not register the crisis as in previous times of economic upheaval. They will not provide an adequate warning sign. Computers and globalisation have allowed new forms of making money. Some brilliant economists have found mathematical ways of passing debts along the global finance chain using sophisticated equations.

PANDORA'S BOX. But a Pandora's box has been opened. It's consequences have not yet been felt. It is like a set of billiard balls going in one direction. This is the action. The reaction has not yet happened. The billiard balls have not returned.

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UNCERTAINTY. No one is sure of the direction and nature of the return of these billiard-balls ie these debts. Some analysts are panicky, because, as the famous saying of Woody Allen goes: It is easier to get into something than to get out of it. It was great to create these money making equations but it's not so great to work out all their results, how to get out of their consequences. The result of some of these equations may be chaos.
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Peace to the global family.

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