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Are We Responsible for the Economic Crisis?

November 10, 2008 Leave a comment

The economic crisis that has stricken worldwide has rendered many a corporate houses and business entities melt down in huge losses. The Stock Market News  stated the financial fix that has taken over seems to go on endlessly. And at the same time investors like me have crossed our fingers to wait and watch what follows in this global share market. Each moment raises a hope to see rising fluctuations of the currency converters and see Indian rupee going upwards in the stock market, however, nothing comes handy but loss. The economic experts of Finance news India and finance news daily have predicted that the stock market will see further tumults in the nearing future.

Economic Crisis

Economic Crisis

As the Finance News India stated, it all began few years back. Mortgaging has brought the entire world economy come crashing down. Share market India stated that easy loans and free flowing economy let loose the entire thread of economic stability and even those who could not afford to pay back started getting loan easily.

Further, Money market also reflected that incurring bad debts very recently last year had well indicated the dark future for banking worldwide. It was the impact of these debts only that registered a doomed future for the entire world economy. When India stock news, share news and various finance channels made me realize, the real estate business was tumbling down, I knew my money in the banks was safe no more. Whatever fund investing I had done in India was on stake and I quickly withdrew my money. What I lacked was the trust on the financial security that these banks provided. At that particular moment I had no clue that other people were caught up in the same tumult. And this financial instability had led to lower investments and as a result to lower profits.