Financial Crisis – Beyond the Market
Tuesday, April 1st, 2008
Even non-financial firms are bearing the brunt of the problems with many in the services and manufacturing industry reeling back from the increasing prices of materials and other overhead costs. The problem is that most of the people and companies that provide the bulk of the necessary economic cushioning have run dry due to sleeping investments in those unsold houses. Foreclosures are no solutions either for even as lenders get their property in exchange for lost capital, no new buyers are turning them into cash that should be pouring into their stores. All costs are on the rise as companies try to get funds form their customers, electricity, gas and even food are rising so fast most Americans are finding it hard to come by. Time will tell if the decisions of today will bring a swift end to this crisis, some say next year others by 2010, no one knows. What should be known is that the lessons gathered from this experience should be collated and made into proper measures of control and regulation so it does not happen again.