Yes, We live in a global economy today with everything inter-related and everybody competing globally. The approach for a solution to the current economic crisis has been coordinated internationally, but with each individual country applying cures based on its own special problems, (eg capitalism, socialism, and communism). I hope the right medicine is administered to get everything humming along again. I personally believe in a capitalistic free enterprise system with some needed restraints.
These boom and bust cycle seem to be normal. The bust cycles occur when the economy gets too far out of balance, but from the rubble will arise a new, stronger economy, (eg the boom). Regards, LelandJ Ricardo Aráoz wrote: > I've been reading in the news lately about the recession being declared > in Germany, UK, and Japan (am I missing any others?). They don't spell > it but they imply it is because of USA's latest economic blunder. But > AFAIK to declare recession you need two trimesters of negative growth, > so the USA situation may add to the problem but is not the cause. I > guess the cycle was already coming down, no matter what the economists > want us to believe they got no bloody idea about what causes these > cycles or how to stop them. > Any comments? > > > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
