Again the swedish magazine Affärsvärlden proves itself as the number one economy/business magazine with this excellent article about the current crisis.
Just as I said the other day, the writer is not happy with how gready banks is now being bailed out by tax money. And that the house prices have been kept up on artificial levels basically by the USA consuming chinese and arabian money.
The bad thing is that our politicians don't understand the impossiblility to maintain this pattern forever and once they do, it will take a long time to recover. Another important matter (that I regretfully missed earlier) is that with the current policy spending is favoured instead of saving, it's better to borrow money to consume than to save money for consumption. Hopefully this idiocy will soon end.
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