A new era
Will the largest economies in the world take necessary action not to start a tsunami wave in world economy? No!
So far we haven’t seen what drastical tax changes in a large country may do to international trade. But is that a big deal?
We have already seen what damage a large country can cause to the global economy. Financial crisis seems to get their wings to fly with in suddenly unstable situations.
The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, can be seen as the worst financial crisis since the Great Depression of the 1930s. Looking back on it now soon to be 10 years ago, it’s still a big thing and we can’t say for sure that all wounds are healed. Back then, banks made loans to people who had difficulty maintaining the repayment schedule, sometimes reflecting setbacks, such as unemployment, divorce, medical emergencies, etc.
This time a new leader whom no one can predict, is the new financial unstable ingredient.
Is this a real threat?
Thaking a quick overview at the horison we can make a short stop at Mexico who is not the biggest economy. Losing a load of jobs is not exactly a healthy cure for all countries. So losing jobs you haven’t got yet isn’t the worst you may argue. Sure thing.
But already over the weekend, we will know.
And then we just have 207 weeks to go!
Live sure is exiting
best weekend regards
Jon Helge Einås