Busted: Bankers and The Global Economy

October 18, 2008

Innovation Needed in a Time of Crisis

Filed under: banking, economy, money — Tags: , , , , , , — digitaleconomy @ 1:02 am

The financial crisis is really hurting because people have no idea where things are going. Who is hurting worse is subject to debate, but the U.S. housing industry is clearly one flashpoint, not only in pricing value, but in production. The economic outlook has darkened with new negative reports on lay offs and consumer confidence fears in the business world. Finally, economists are beginning to admit that a recession has been in place since the end of last year as the evidence becomes crystal clear to even the most stubborn bull mentality. There is little good news, but plenty of opportunity. The American taxpayer just needs a little cooperation.

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