The financial turmoil in Asia has impacted the global economy in a way which proves one thing that how fragile is our financial security.
Japan, Malaysia, Russia, Phillipines, Thailand, Korea etc. which were examples yesterday now, are lessons for tomorrow. The way these financial markets have broke down are unimaginable. One year ago, you couldn't have find any flaws in their economies but today you can't find any positives.
Their impact on other economies like US and Europe is far reaching. In USA, economy already has slowed down and six months from today, it would go worst.
All this made me believe that we are living in a very fragile world where there are no guarantees for tomorrow.
so long...
Japan, Malaysia, Russia, Phillipines, Thailand, Korea etc. which were examples yesterday now, are lessons for tomorrow. The way these financial markets have broke down are unimaginable. One year ago, you couldn't have find any flaws in their economies but today you can't find any positives.
Their impact on other economies like US and Europe is far reaching. In USA, economy already has slowed down and six months from today, it would go worst.
All this made me believe that we are living in a very fragile world where there are no guarantees for tomorrow.
so long...
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