Sunday, September 21, 2008

OF COURSE WE’RE AFFECTED

I’ve restrained myself from writing on things relating to the financial system, because, first, the subject has always bored me, and second, my grasp of it is for the most part a priori.

Nonetheless, the issue has become dominant, what with this crisis, so I figured, “Sige na nga.”

Looking solely at what’s happening in the US, without concerning myself with its effect on our local markets, it can be observed that the longer the crisis is sustained by bailouts, the more likely other investments elsewhere are going to be hit, and the worse off the world economy is.