2012 Financial Crisis for Dummies Like Me
They say the great bubble is gone, next financial disaster has come. But for finance idiot like me, such a thing sounds earthquake prediction.
Probably this is the way the financial world ends, not with a bang but a whimper… Nevertheless, we may at least entertain ourselves with some interesting facts, before reading any heartbreaking headline tomorrow morning.
In the recent award-winning French silent movie The Artist, I saw a scene mentioning that historic and devastating incident called “Wall Street Crash of 1929” and its following, the largest economic depression in the 20th century, Great Depression.
The most ironic tragedy back to then was, people had no money to buy food while farmers produced an abundance because they had to keep producing to make money. It turned out nobody had money. Where did it go?
Well, there are so many fund managers in Wall Street and financial experts in Ivory Tower, who are seriously worrying about this 2012 doomsday other than Mayan’s. I believe they’re going to die much earlier before we understand what exactly happens in their world, because of high blood fat or lung cancer or something else.
Some ideas on 2012 financial crisis in this stage are still quite inspiring.
An interesting critic (probably a fund manager in US) wrote the article of ILLUSION OF RECOVERY – FEELINGS VERSUS FACTS, showing some might-be differences between mainstream reports and reality in a funny way. I know US government can’t be trusted, but should we believe his hypothesis?
YES! My colleagues said so as such a collapse could bend down our apartment rental… OK. That makes sense to me, too.
Mr. Harry S. Dent Jr. studied demographics and their relation to the stock market, then wrote a bestselling book, The Next Great Bubble Boom, to tell us ordinary people in some ages will do similar decisions like buying properties and investing in stock market, which could influence the economy of our world inevitably.
According to his theory, we have to wait until 2030 to get our world break even… OMG, it seems it could be better for our old men to end everything without a bang by Mayan apocalypse calendar or any crap this year…
Good luck 2012!