2008, a rollercoaster ride ending…

 

Financial turmoil

Yep 2008, what a year. A new order has emerged in the economic setting worldwide. None of us had ever imagined the consequences of bad management and irresponsible behaviour of investors. Capitalism has a new face and for sure socialism is not a option for a way out.

The financial crisis has given the opportunity for emerging markets to take a new place in such new order. But definitely Mexico does not have a key role in that matter, maybe for the lack of competitiveness, or a mere situation of ignorance for the country as a whole.

The Aztec conglomerate will not be able to cope with new paradigms: no productivity, no ways for improving the education level, no willingness to let people get introduced to world news (from the economy to international affairs).

The sad story is that ca. 3 million people living in the US will return to their homeland since job opportunities are lacking in the promised land. India and China will takeover those changes, which Mexico, Argentina, Chile, Thailand and Indonesia just missed.

Let’s see how things progress in January; statistics say that the first month of the year provides an initial overview of what is going to happen throughout the year. But this crisis will surely take longer to fade.

Financial turmoil

Image via Wikipedia

What a phrase for something we thought it could not happen in this era.

I just had a chat with some top executives of diplomacy and business sectors from various countries.

And what they advice (and I agree with) is the choice for tangible funds, such as gold and silver, those securities do not have huge impact in financial crisis in the course of capitalist history.

And another key issue for not getting into this turmoil is to keep one’s working capital healthy, id est, the difference between current assets and current liabilities. You may find more information about it on Wikipedia.

American people think the more you owe, the more highly you are valued as an individual. I fully disagree.

It shall be the end of an era for the Dow Jones Industrial if both the government and business leaders do not do someting with due intelligence rather than quick.

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