A Free-Market Perspective

[KanadaHye]

Re: A Free-Market Perspective

I think people have to be careful. There was a similar calm during the 1920s, then there was the great depression. I doubt it will get better really for 10-15 years, considering the amount of money that has been lost in the banks, and especially the massive government loans taken out across the world in places like the EU and the United States.

The calm before the storm..... the global economy became possible due to cheap oil prices. If oil prices were to rise drastically for some unforeseen circumstance, the global economy would come to a halt and people would have to form some sort of local economy... like the good old days.