The financial crisis was perceived in public above all by the insolvency of the American investment house Lehman Brothers and also by the skew situation of German building society of Hypo Real Estate only properly.
After the causes and contents of the financial crisis have enough known and have been analysed, now there is in the foreground the menacing economic crisis which should develop according to opinion of many economic experts already from this year worldwide.
Do you think there would be another great depression?
there was chaos during the last depression in England in the 80s
will there be wars (not that there isn't already in certain countries)
I'm still jobless, it so depressing
For unemployed people the crisis is especially bad. But nich hope surrender. After every Kriese giebt it again an impetus. Till present this was always in such a way. Then we are better again.
As economic situation cycles are often distinguished:
Impetus phases (expansion),
Recession phases (recession) and him
Deep phases (depression).
Economic variations are of medium-term nature (about four years): They are more difficult to gain control and form the major task of the economic policy. They come about by imbalances between overall economic inquiry and overall economic offer and, besides, are influenced still by temporal adaptation delays.