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Sat, Jul 3rd 2010, 20:12

marcel kin cheuk, nil, (8)

pls to share some thought, One thing the post-industrial economy does is leverage its position. Commercial banks have the homeowners extracted equity on their home with that bigger transaction fees. more profit volume from interest earned, stronger domestic consumption, heavier financial investment and the wealth effect getting bigger&bigger syn ith historical strong fiscal position in the start of the century, low int enviornoment , internet revolution boosting public psych, significant info infrastructure upgrade in corp level that spur productivity growth in management, marketing, business development and resources utilization and lastly the opening up of the south american & asian economies which lowering production costs & price level, accum consumption and investing power.The cycle go around until the underlying economies namely the us homeowners leveraging too much with the financial market leveraging too much on their derivatives. the system becoming lopsided and unsubstaintable.

So as the bubble bursted, it was those economics systems that can't regenerate enough support to steady their own falling parts, get hit most hard.

Well, the layers upon layers, groups upon groups, mixture of the global village, let the seasoned folks care for .

my suggestion is to keep clam, spread oneself and get a way through this impasse.

in the states, some economic sectors like the technology sector hv stronger financial position but is facing a monumental economic situation that shaking their edge among their management and damping the innovating researchers in corp and academic level.
The relative strengths, shapes and tastes of the world market is gradually changing For the us, the cyclical rebound of the financial market is weakening in momentum, the commercial business & banking sectors are facing uncertain consumption and interest rate environment, the headline indicators as the hiring figure & housing market, are muddling the situation. It can be say that the time is come to leverage, not so much the financial strength, but the entrepreneur spirit on sensing the tastes of the world market, shape of the diverse corp spending and the streamline of your utilization in production, knowledge and management parameters. That will provide breathing space for the other sectors to figure out their current problems.

I guess that the competition in the world marketplace in various sectors and systems are no less severe but the psych and manner in searching for development are going to be different.