0
The Great Correction in the economy will result in a lower standard of living in the West throughout the next couple of generations. When we get to the future, the future will already be spent!
Society can respond by 'closing in on itself', or by submitting to its creditors.
A closed society, historically, is defeated, smothered.
If the 2nd route is taken, a humbler people will emerge, a more old-fashioned community, who share and care for each other, rather than compete mindlessly.
The potential exists for a great Revival of Spiritual Values, as the material world gets shaken to its core.
For a more in-depth discussion, consider the writings of Larry Burkett and William Bonner.
For investors, volatility provides special opportunities. Watch for emotion-driven selling or buying.
At the moment, deleveraging is occurring.
Expect the DJ Avg. to eventually trade at 5-7 times earnings.
However, when Governments intervene and 'paper over' the financial crisis, then 'Paper money' (i.e. U.S. Dollars) will go the way of every Fiat currency in the history of the world!
Hyperinflation is 'ON HOLD' while Chinese and other Governments artificially support the U.S. Dollar.
Commodities prices will recover first following a financial crisis.
Wiki User
∙ 12y ago
A financial crisis can have a significant impact on society in several ways. It can lead to job losses, decreased economic activity, and increased poverty levels. It can also result in a decline in government revenues, leading to reduced funding for social programs and infrastructure. Additionally, it can erode public trust in the financial system and create uncertainty, causing individuals and businesses to cut back on spending and investment.
Add your answer:
Earn +20 pts
What was wrong with French Society in 1789?
France was on the midst of a Financial crisis.
Why did the financial crisis occur in 2008?
why financial crisis occur why financial crisis occur
What is the financial bailout package crisis?
There is no such crisis as the financial bailout package crisis. the bailout was created to overcome the financial crisis.
What has the author Anne Ruden written?
Anne Ruden has written: 'The impact of the global financial crisis on housing finance'
What are the exact dates of the 2008 financial crisis?
There is no exact date for the 2008 financial crisis. A financial crisis is a series of mishaps that happen together to cause a crisis.
Where did the global financial crisis start?
The origin of the Financial crisis was in the United States.
What are the Impact of Financial Crisis in Nepal?
i think the current economic crisis is all due to increased food price, inflation and non repaying habit of people towards the credit acquisition.
When was Kingfisher Airlines financial crisis created?
Kingfisher Airlines financial crisis was created in 2004.
How does the financial crisis impact the balance sheet?
Accounting Standards regarding off-balance sheet items are going to be tigtened in the forseeable future.
What southern European country is experiencing a financial crisis 2012?
Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.
What is the difference between a financial crisis and an economic crisis and which of both affects the other most?
A financial crisis is when wall street and the banks are failing. An economic crisis is when there is high unemployment or a recession.
What major event was happening when Obama was president?
This is probably the US financial and mortgage crisis.
