Thursday 26 August 2010

the crisis is mainly over the past

the crisis is mainly over the past 20 years of economic prosperity that some of overemphasized. Our 20 years of economic prosperity is due to globalization and technological revolution, particularly the IT revolution. These two forces makes the world an unprecedented economic boom, the emergence of the prosperous, not only with prosperity, but also a very important one that is more stable, for 20 years there have been no major crisis, we have the crisis, the major emerging markets 94 appeared in the Mexican currency crisis in 98 years, the Asian financial crisis occurred, in 2000 appeared in the adjustment of high technology, the crisis in general, time is very short. The Mexican crisis had no impact on our 98 years The crisis, almost a year and a half, surged 99 .2000, the 2001 high of callback, the margins are small, two years together, and this prosperity is unprecedented. and prosperity for so long, wave so small, cause everyone underpricing of risk, so emergence of unprecedented financial prosperity, and most people on therisks, that risk is small, so everyone in the financial special interest. this back, I think there was a bubble, the foam problem is caused by monetary policy. I have been writing for so many years is to create a bubble of Greenspan, he believes that a solution to any problem is by increasing circulation.

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