What is an economic crisis?
published: 23/10/08, 13:23
Recession, crisis, unemployment ... etc etc ... we only hear this from the media. Yesterday I asked myself the following stupid and simple question: it is the crisis ok but finally ... what is an economic crisis precisely? I mean basically what is it? Not in the consequences (unemployment and co) but in TRUE deep reason?
I think that:
a) The real economy is not made by the financial white-collar workers ( ) even if the stock market can affect bankruptcies, which is already not normal: it is the industries that must guide the stock market and not the other way around! For investment companies: nothing to wank! Zon a creveur it's not they who create real wealth! Make money with money is theft ...
b) The real economy is made, and only made, by the buyers and only them! A consumer who buys less or not at all: that's a crisis. By buying less it influences the economy of the company which will have produced the object (in a pinch which will have imported it ... but it creates much less GDP and "sharing of wealth" the importation). ..and from thread to needle "by cascade": it influences its own work ... sooner or later! And so his purchasing capacity is really affected when it was only psychologically "before" ...
c) So before losing his job (because it's too late ...): pkoi potential buyer does not become a consumer? Because he has...PSYCHOLOGICAL fears for the future.
I deduce that an economic crisis is nothing else, originally, a ... lack of consumer confidence! Whose fault do you think?
d) Now, if he does not spend his money, what is he doing? He places it in the bank ... or worse on the stock market?
So to avoid the major crisis hanging over us, what do you think to do? I think that keeping the minimum in the bank and spending your money "as much as possible" is a solution ... provided you spend it intelligently by buying, as a priority, manufactured products "close" ...
I am wrong?
Corollary: to what extent are the media directly responsible for the crisis?
I think that:
a) The real economy is not made by the financial white-collar workers ( ) even if the stock market can affect bankruptcies, which is already not normal: it is the industries that must guide the stock market and not the other way around! For investment companies: nothing to wank! Zon a creveur it's not they who create real wealth! Make money with money is theft ...
b) The real economy is made, and only made, by the buyers and only them! A consumer who buys less or not at all: that's a crisis. By buying less it influences the economy of the company which will have produced the object (in a pinch which will have imported it ... but it creates much less GDP and "sharing of wealth" the importation). ..and from thread to needle "by cascade": it influences its own work ... sooner or later! And so his purchasing capacity is really affected when it was only psychologically "before" ...
c) So before losing his job (because it's too late ...): pkoi potential buyer does not become a consumer? Because he has...PSYCHOLOGICAL fears for the future.
I deduce that an economic crisis is nothing else, originally, a ... lack of consumer confidence! Whose fault do you think?
d) Now, if he does not spend his money, what is he doing? He places it in the bank ... or worse on the stock market?
So to avoid the major crisis hanging over us, what do you think to do? I think that keeping the minimum in the bank and spending your money "as much as possible" is a solution ... provided you spend it intelligently by buying, as a priority, manufactured products "close" ...
I am wrong?
Corollary: to what extent are the media directly responsible for the crisis?