Irrational Paranoia :The Panic of 2007-2008

Stock markets falling 18 % in one week, rising 11 % in one day is unprecendented atleast in this generation.

However all is well that ends well, so it seems that economic growth will likely be higher next year thanks to

Keynisian spending by Governments all over the world in credit markets. 

Governments are neither as relevant nor as irrelevant as we want them to be.

That is why governments are entrusted with running executive decisions for nation states.

What is heartening is globalization has now spread worldwide not just in trade but in policy decisions as well.

Anyway, Vacation’s over.

Author: Ajay Ohri

http://about.me/ajayohri

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