Let's travel into the future by a full 12 months. I realize that we are living in a very fast paced and rapidly changing world at the moment where a great number of things are in a state of flux and transition. Where do you think this global financial crisis will be 12 months down the road from now? How do you feel that the present developing crisis is going to impact on your life, 12 months from now? Do you think that in 12 months from now, things will be better or worse? If the latter (worse), what conclusions do you draw? Finally, are you feeling cautiously optimistic about the future or are you feeling very pessimistic about the future? I would be interested to read your replies, if any of you would be so kind to provide them, by posting up your comments below. Many thanks! Mark Magawr
It's so hard to predict because we don't really know the full extent of the problems and there is the lingering fear that there is another wave of problems with the next tier of non prudential loans. My only prediction is that there will be strict governance of the banking system with checks and balances in place so we don't travel down this road again, including a cap on executive bonuses. I think if we have strong leadership from a majority of nations then a global response will head off the major concern of a depression and we may just escape with a short period, maybe 18 months of pain.
Fair points, anyone else like to muster up a point or two? Where do you think we'll be 12 months down the road from now and what do you think the impact on your life may be?
do you know what happened in USSR after broke the communist government? russian womans were being prostitutes and a long Q for peace of bread.
So, you believe there could be the outside chance that this might happen in our western world too? Do you see the situation getting so bad, that eventually there will be a snowball effect and this could even affect adversely, the food supply chain i.e. supermarket stocks running dry, pandemonium breaking out etc? I'm interested to read more of your views on this subject.
In a year time things will stabilize and start to recover again. The financial market will however be totally changed - famous companies we all know will have disappeared, either by bankrupcy or taken over by other companies. Some names may still exist (Ford, GM, ..) but the factories they have now are closed (and production is moved to other countries). Economic control and power will also have shifted - to other companies and even other countries. Countries that still have a lot of money now (ie OPEC countries, but also China and Russia) will use this opportunity to buy themselves in (even more than they already do) into other countries/companies so they will eventually control the world economically.
well maRket gonna RecoveR In few months. the basic Rules of physic says TheRe is a dayaftera night D:
This I actually very much agree with. I used to have a former girlfriend from the U.S. - She was exceptionally high up the executive ladder at Wells Fargo bank. We certainly had our differences of opinion in 2005 on global economics and the future. My point was that China especially would very easily, within the next 20 years, take over the U.S. in terms of economic dominance and power. She, bless her, thought this opinion a load of tripe and was only too keen to prove me entirely wrong. Today, I still hold by my original opinion, although I think 20 years time is stretching it out just a little bit. Now, I'm presupposed towards thinking that there very well could be a very major shift in the next 5-10 years, although of course I could be wrong. Certainly we are living in a time when there is going to be a major shift around of corporations, battling it out for more power and control over the global money markets. We're actually seeing around us some truly momentous events, that will without any shadow of doubt have very far reaching effects on the way we all do business in the future. Such paradigm of change could bode very well for us yet, although personally, I think in the western world at least, we're going to experience a slide like no other ever known. Certainly we are living in quite an interesting period and it going to be very pertinent in all our lives the events over the coming weeks and months. If any one else has any thoughts to share on this topic of conversation, please do feel free to chip in with your thoughts, it would be good to see a good debate on this whole subject.
Very interesting point... Care to elaborate... I'm also interested in reading more.. Mainly because history tends to repeat itself... The market will recover? Not so sure about that one.. At least not about the timeframe... That big companies will disappear or change I surely agree, it's already happening! And countries will also see a big shift in power and money. As for China though, considering their huge reliance on exports, I'm not to sure how they should manage to do what you mention...