Wednesday, September 17, 2008


With the great banks in America collapsing like a pack of domino cards, is a global recession in the offing?

Barring WWI, WWII, some global events that affected the world’s economy are as follows:

2003: SARS (severe acute respiratory syndrome)
2001: The 911 incident
1997: Asian Financial Crisis
1991: The Gulf War
1973: Oil crisis
1929-1930: The Great Depression

From 1997 onwards, the interval between one economical crisis and another is around 4 years… a worrying thought.

Times of crisis may well be times of opportunities for some. “Be fearful when others are greedy, Be greedy when others are fearful” --- Warren Buffet

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