| Short term things have got to bounce back to some extent but probably not to where they were. Tangible goods and services is what the world trades on in reality. The financial markets are just manipulating the value of real goods and services to their own advantage. A lot of big companies making big bucks while the little people go deeper into debt. But in the end the someones got to pay for the spiralling debt, and you guessed it. Its going to be the little people conned into credit cards and loans they cant afford. The big lending institutions have bled the average worker dry until he/she can pay no more and now the US government financially assists not the tax payers, but the big companies like JP Morgan and encourages the little people to borrow more by lowering interest rates.
This endless cycle of increasing debt ain't going to fix anything long term even if it does buy a temporary reprieve. Sort of like offering a new credit card to someone who is already in over their head. Time for an adjustment on the world financial markets to get them back in line with actual production of the true value of goods and services.
This may be a simplistic view, but its a fundamental one that drives world economies in the long run more than manipulation of currency values via debt. |