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"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one." Charles Mackay
This is the kind of catastrophe I am a bit worried about, well of course referring to the recent financial crisis. How much can we borrow and when will the hamster fall of the wheel? As we noted there is to much turmoil worldwide and debt seems to have become the cure to every disease, but it seems as if mutations outpaced the cure and debt has grown to become a GLOBAL synergism. I can’t seem to comfort on the notion that our problem was ever resolved and our crisis has taken upside, but is artificially inflated with borrowing and a substantial increase in currency circulation. Debt ceiling increased 10x since 2001 to compensate one recession after another.
I will however, anxiously look forward for a common solution for another round of recovery as we will yet find other resources to exhaust. Though our disease seems to have caused the first global pandemic and our economic activity has become a function of global growth and influence. I see to it that our balloon of debt is much more elastic and may save us from another turmoil, but what makes my heart skip are the side effects. I do however, would like to see another prosperous economic growth in the years to come, though I am largely concerned about our next economic crash that I see to it being the memorable crash of the century.