"The latest outlook published by the International Monetary Fund last night says the global economy is expected to contract this year for the first time in 60 years."
The crystal ball gazing is up and running and the predictions are there. Some will be true and some won't be true. We were all being prosperous and we were all being told how wonderful our economy was and how we had never been wealthier but if I could work out that the economy was being set to blow up as there were government changes around the world, then I am sure really good economists and financial experts could work that out. You just cannot keep making profit. You cannot keep driving people into the ground to gain profit and inflating things all the time makes them go pop. That is my simple version of how things were going. The timing for government changeover around the world was interesting but once you set a financial juggernaut rolling down hill, it takes a lot of power, expertise and skill to avert damage and disaster, which is why I keep hoping the same people who got us into this mess are not here running it now. Economies are precariously balanced in modern times. I do not blame us for trying things. I do not blame us for trying to create a global economy for planet earth so we can all benefit...but I can see that people have not had the skills to implement it. It was too big a risk taking exercise and it has blown up in our faces. The only way out is sensible advice, calm thinking and considered decisions which prudent people know will work. I do not want to hear another prediction. I want to hear some decent remedies because speculation is what got us to this moment in time.
No comments:
Post a Comment