Very quickly and without any surprise, the recession is here. You know it, I know it! Everybody knew it was gonna hit soon rather than later, but we kept piling up debts, and bank kept giving bottomless credits. Too many people that states that this happened without any warning. Wake up!
It wasn't about who or what, but when. Since 2003 we saw how the mortgage bubble soared in north America, having many people buying new homes when the interest rates were low, and affordable. Many investors and economy experts said that when the bubble was going to pop, an avalanche of shit would hit us all. Everybody acknowledge that, few understood. There is not even time to take evasive action because the recession is here, and like I said before "Ignoring it, won't make it go away!".
Sad, true and suffocating. Markets are going nuts, tradings are lawless almost since their principle are now out-of-sync with the economy books. If there was ever a law, or principle where to follow the finance and the rules of the trading, it is now drifting into a death-match situation. The business model that the United States is using, is damaging furthermore the state of the global economy.
When you use your vehicle to do your grocery, no only you paid your gas at the pump more, but you will surely find how simple products are now costing more than they use to be. Bread, cereals, and all the grain products, along with poultry and meat have all had their prices gone for the worst. How far can we survive the increasing cost of life without adapting our salaries?
Why is this happening? Because the people who made the laws of the economy decided that importing a product from another country, as far as south-east Asia, is more exploitable and lucrative than having it delivered from a local distributer or manufactured. This is old and a backlash of the US-globalization style, that is an illusion of a decent business model.
It is sad that there is little that we can do, we look more and more like hostages in the hands of an unstable person that is willing to do anything to save himself, doesn't matter the cost, if it takes lives or the repression of other countries; it will eventually happen. Time to rethink how we want to live now, and how we want to build the future.
It wasn't about who or what, but when. Since 2003 we saw how the mortgage bubble soared in north America, having many people buying new homes when the interest rates were low, and affordable. Many investors and economy experts said that when the bubble was going to pop, an avalanche of shit would hit us all. Everybody acknowledge that, few understood. There is not even time to take evasive action because the recession is here, and like I said before "Ignoring it, won't make it go away!".
Sad, true and suffocating. Markets are going nuts, tradings are lawless almost since their principle are now out-of-sync with the economy books. If there was ever a law, or principle where to follow the finance and the rules of the trading, it is now drifting into a death-match situation. The business model that the United States is using, is damaging furthermore the state of the global economy.
When you use your vehicle to do your grocery, no only you paid your gas at the pump more, but you will surely find how simple products are now costing more than they use to be. Bread, cereals, and all the grain products, along with poultry and meat have all had their prices gone for the worst. How far can we survive the increasing cost of life without adapting our salaries?
Why is this happening? Because the people who made the laws of the economy decided that importing a product from another country, as far as south-east Asia, is more exploitable and lucrative than having it delivered from a local distributer or manufactured. This is old and a backlash of the US-globalization style, that is an illusion of a decent business model.
It is sad that there is little that we can do, we look more and more like hostages in the hands of an unstable person that is willing to do anything to save himself, doesn't matter the cost, if it takes lives or the repression of other countries; it will eventually happen. Time to rethink how we want to live now, and how we want to build the future.
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