• Tip'd Home » Economy » Financial crisis: Downturn shows we were too slow to fix world's debt addiction

Comments

licker4450 1212 days ago

That is a challenge that is of epidemic proportions. A world recession might be exactly what we need. Unfortunately, the governments of the world are stepping in to lessen the blow. That might throw us into a worldwide depression.

neophyteblogger 1212 days ago

How is a recession a good thing? Won't there be a massive loss of jobs, if the govt pumps in money and the economy picks up then we wont go into depression and print currency of absurd denominations.

4thwave 1212 days ago

The fact of the matter is, Liberals and Conservatives in Great Britain have a knee-jerk reaction to all policies, economy, health (NHS), education (GCSE). Even if they could of seen the problem (it was obvious at the beginning of this year "Northern Rock"), they still would of waited to the last possible moment.

thekritz 1212 days ago

I dont think the UK and EU Central Banks can be blamed for not anticipating the severity of the crisis. Their mandates require them to focus on inflation, rather than promote economic growth and provide liquidity to financial markets. Also, the latest version of the US bailout plan should give the banks enough capital to resume "normal" operations. Personally, I believe the crisis is being exacerbated by a lack of confidence, and I'm not sure if capital infusions can mitigate this.

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