The ongoing financial crisis is getting worse with each passing day. No one seems to have any clue as to when things would start improving. It has put some doubts over everyone's immediate future as well with their companies. Already, a couple of my friends have received the pink-slips, and I fear there is worse to come.
Just hoping that time would pass, and things would be normal again. These days, there is gloom all around. A lot of dreams, unfounded or grounded, have burst in recent times. And we are now in the process of realizing that Rome wasn't built in a day. Growth and development are slow process, and they happen over time. None of the economies move as fast as the stock or currency markets, and hence, there are crashes everywhere. Last few years were really a mad period in the world economic history where central banks around the world eased monetary policies, and credit was very easily available. Everything was made to appear rosy, and risk had disappeared from the world. The process of securitization had distributed to risk to everyone, and hence the crisis we find ourselves in has taken everything with itself.
There would be massive de-leveraging all around the world, and we can expect further crashes in almost all the asset classes. The emerging markets would be the worst affected, and there is a slight chance that it may pre-maturely end a lot of 'growth stories'.
Just hoping that time would pass, and things would be normal again. These days, there is gloom all around. A lot of dreams, unfounded or grounded, have burst in recent times. And we are now in the process of realizing that Rome wasn't built in a day. Growth and development are slow process, and they happen over time. None of the economies move as fast as the stock or currency markets, and hence, there are crashes everywhere. Last few years were really a mad period in the world economic history where central banks around the world eased monetary policies, and credit was very easily available. Everything was made to appear rosy, and risk had disappeared from the world. The process of securitization had distributed to risk to everyone, and hence the crisis we find ourselves in has taken everything with itself.
There would be massive de-leveraging all around the world, and we can expect further crashes in almost all the asset classes. The emerging markets would be the worst affected, and there is a slight chance that it may pre-maturely end a lot of 'growth stories'.
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