Whitey - 11:23 pm on Aug 18, 2009 (gmt 0)

If we had relied on correct expert reports and their actions , the crisis would never of happened in the first place .

And indeed there is an argument that the crisis was well understood and allowed to progress unchecked on purpose.

Common sense and history tells us that when the market economy is left unregulated the balance is disturbed with opportunists and optomists taking over to such a point that the momentum can only crash.

And that's market economies - they are not perfect , yet nothing would happen in a totally regulated economy aka the Soviet Block and pre reform China.

There is some interesting reading over here at the BBC that shows why some economies are climbing out fairly quickly in Europe and some are not [ UK , France and Germany [news.bbc.co.uk...] ] btw - some [ very few ] economies have hardly been touched or are still experiencing growth.

The US and UK are some of the hardest hit due to loose credit , as we all know , obsession with home ownership and leveraged debt hitting the finance sectors. But countries with strong manufacturing bases , are seeing the need to tool up and replenish stock for the upswing.

The US stockmarket clearly reflects , again , where it thinks things are going !

- people will forget quickly and be back to the races soon no doubt , albeit at a different pace and relativity to begin with.