I'm wrong but the current world economic situation is similar to a vortex where everything moves towards a single point, a large hole that threatens to swallow everything.
The symbol of the vortex seems to suit me because it all starts slowly and subtly as they arrive and the confirmation of the negative factors consisetnza movement accelerates faster and faster.
For example, from at least 4-5 years (about 2003-2004) in the city where I live the town had no requests for building permits. The builders had already noticed the saturation of the sector. But they could certainly stop their assets and licenses granted so far made their way and a year or two after the site was born and after a year or two or three buildings were standing. The sales followed a parabola slower, delayed, but in 2008 began their decline soon followed by the decline in prices.
All this was preceded by years of such a development, however, where the U.S. market in 2007 has reached the point of breaking a bad habit of our times: the underestimation of financial risks. As soon as the credits granted so easily to people you do not trust no longer supported by the increase in property values \u200b\u200ball collapsed like a house of cards led to exaggerated height. From here, the failures in 2008 rising from Lehman Bros. AIG until the last shot Maddoff that leaves a hole of 50 billion. dollars or more to the English GDP in 2008. A time to Italy, we should not get financing because even up to 130% of property value has been made in the last two to three years and with more circumspection. But in truth no one knows how the rot has spread. What is certain is that the money Americans stuffed with fake certificates are also popular among Italian banks are often unable to inguaiare large community public (eg municipalities) download it the risk on them and less on individuals.
What is most worrying, however, the situation of weakness of American finance that under George W. Bush have undergone the stress of the war in Afghanistan and then Iraq, not to mention the rise of the Chinese juggernaut that has engulfed the country's low-priced goods piling up mountains of surplus year after year. The U.S. dollar is now worth around 1.45 a few months ago when he was still at 1.27 against the euro. More than half of U.S. treasury bonds are in the hands of the Chinese who are thus making the balance and in fact the masters of the world's strongest power. A power with a debt estimated at Christmas from private sources, but reliable MRD of U.S. $ 14,000. This does not mean that the world has already changed master?
If we add to this the war that erupted again yesterday between Israel and the Palestinian Hamas, the winds of war between Pakistan and India and the many incendiary altgre situations (see Giorgia, Ukraine etc etc..) added to the disastrous collapse in the price of crude oil from U.S. $ 147 per barrel for the month of July arrived at levels well below 40 (forty ) dollars now understand why the Russians from Abramowich (the owner of Celsea) reduced the year-end party in its death throes.
-Now we can only hope that there is still the spark that triggered the superbomb last moment and that is find a peaceful way out to avoid a war of all against all to find new arrangements, very different, after the thinning of the fumes and dust of battagalia. The
