The world is now in its crucial stage of rebuilding from the present financial state of chaos. The experience is like a very big tsunami that never happened before. You may say that this situation never brings danger and harm to human lives, but admit it; it does bring damage to financial wealth directly.
Since last year, many lost much of their wealth during this financial crisis. Some say the worst is yet to come in 2009. Those who invested in stocks like the investors in India, China and Hong Kong, experienced more defeat than those who invested in bonds. There are those who stayed in cash and who are in an out-of-danger situation from this crisis. Most of the companies now are in a downward trend and if this continues until the next year, some properties are seen going down in value. Moreover, the reality will come when people will start selling off their real estate property.
You may ask yourself, “Who should be blame for all these crises?” Possibly the banks, whom we trusted well, plays a great role in this chaos and they paid heavily for their mistakes. Most of the banks worldwide are always trading at half of their values and some are trading at 20% of their high value. It is a good thing the US federal government bailed out one of the banks like Citibank or else this bank will still be in trouble until now. Let us see if the investors and bank will learn a lesson from all of this.
It is very important that a leader of a nation has the intention in solving poverty and in that micro entrepreneurs and small businesses will be able to move up the financial ladder. Good governance is the key and an entrepreneurship revolution is what everybody needs. I think more men and women should be able to realize that the answer to problems on poverty is the formation of more business. More businesses mean more employment and improvement of lives of the people.
We must work together as one, whether we are in the public or private sector to be able to support the enterprising leaders and other people in our own location.
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