Ya know?
quarta-feira, 29 de outubro de 2008
Well... If we think about it...
This is the first financial crisis of the global age. We have had some of the advantages of being part of a global economy—we've had lower interest rates for 10 years; we've had 10 years of lower consumer prices in electronics and clothes and everything that comes out of Asia. Now we are having to deal with the challenges: the restructuring of jobs, the energy problems … [Today] you've got this global financial system that is trying to respond to global financial flows that are massive. We've only got national supervision of the system … and that is one of the reasons we've got to reform it.
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