2009年2月4日 星期三

how bad and which real?

Allen Greenspan, former chairman of FED, said this financial crisis is a unprecedented storm, a one- hundred-year-unseen disaster.

Paul Krugman, Nobel economics prize winner 2008, said,” if we do not do something drastically, the situation will continue to 2010."

This time the crisis impact all markets, industries and nations, unlike 911,SAS, 2001 Internet bubble, which only impact one city, one region or one industry.

As a result, if someone still is optimistic, I would say he's insane.However, there are many different predictions about our future. Some may be true. Some may be exaggerating. Some may be disappointing.

However, some are definitely insidious such as CLSA.Actually, if we did not easily erase your memory, the main reason causing this unprecedented crisis comes from those investment banking. Those financial criminals made a big mistake, created a blak hole in global economy, stole people money and national wealth. This is why now the majority governments keep adding bailout on diverse industries, in particular to these financial giant criminals.

Thus, can we trust their forecast that Taiwan's GDP will be going down to minus 11 percent. Of course not, although the situation is tough, severe and rigid, never, never trust those vampires because they are attempting to do something absolutely malicious again. Damn it.

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