The evil helix
No jobs for you today
We have for the past decade gotten used to low unemployment rates, which really helps the comsumers feel optimistic speending money that they do not have. Times have changes and so has the curve of unemployment, causing many people to loose homes – it is tragic.
Banks unwilling to give loans
As a direct effect of the financial cirsis that we are experiencing right now banks have made it harder for people to obtain loans. But it is now only “Joe the plummer” who is having problems getting money. The banks have an internal system, in which they loan from each other. Those having money are umwillingly to let the others loan it. The trust(s) has left the system in more than one sence!
Third world countries are suffering
A huge consequense of this crisis is that the financiers investing in projects in third world contries have pulled out most of their invensments, leaving these countries, with no hope for the future.
Is it all a circle?
Sometimes I wonder why this financial crisis has come as such a surprise to most people. I believe that nothing lasts forever, I mean the saying about 7 good years always are followed by 7 bad, did not come out of nothing. Just as well as we now are in a crisis we will get into to greater time ahead. Nothing lasts forever!