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Economic Crisis
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80.       TheAenigma
5001 posts
 23 Nov 2008 Sun 06:25 pm

 

Quoting yilgun-7

According to some economists:

Maybe it is an economic game,  an excuse;  there is no financial crisis, who knows?

Because economic growth is good in the world.

 

 Dont tell me..... another conspiracy theory?

81.       yilgun-7
1326 posts
 23 Nov 2008 Sun 06:33 pm

Conspiracy theory?

This is IMF and WorldBank´ s business.

World economy is good now.

82.       TheAenigma
5001 posts
 23 Nov 2008 Sun 06:42 pm

 

Quoting yilgun-7

Conspiracy theory?

This is IMF and WorldBank´ s business.

World economy is good now.

 

Well who knows Yilgun.  All I know is that business is suffering all over the world, people are losing jobs, inflation is hitting people hard and they are losing their homes.  I know it has affected Turkey too and business is suffering badly

83.       yilgun-7
1326 posts
 23 Nov 2008 Sun 06:58 pm

Yes I understand, TheAenigma,

As you said this is a sad period.

This financial crisis has affected Europe and Asia (China, Japan, India).

It is a dangerous time for banks, factories, business enterprises.

Unemployed people are a big potential danger for countries.

I hear many American people are losing their homes and jobs.

Inflation is rising and hitting people.

This is a cost-inflation.

Stagflation theory?

And Türkiye?

 

Why did not International Monetary Fund (IMF) and World Bank (WB) warn the countries?

But this is not an economic crisis like 1929 World Economic Crisis.

This is a financial crisis: A liquidity/Cash-Flow crisis only.

This bad times goes away as well.

 

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