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How Long Will This Financial Crisis Last ?
Its probably no longer just a financial crisis. This is now a full blown economic crisis. What ten years of crazy extravagance in the financial circles has brought about, is now impacting the larger economy as a whole. It probably began as a crisis of confidence, but now, that lack of confidence in the economy has translated into a real economic slowdown.When people start to tighten their belts, not because they have lost their jobs, but because they foresee an oncoming storm, THAT brought the retail market down, and together with it, a whole chain of industries.Imagine, when people stop buying stuff in shopping malls, first you impact the retails stores. Then, this impacts the manufacturers, as fewer people are buying their stuff now. And when factory starts closing down, that impacts the workers, and reduced a whole bunch of people's spending power. Along the way, the supporting industries that supply machines, supply materials, logistics, and so on, all got affected. Its like ten pin bowling, the first pi
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