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Home » Archives » 08. January 2009

Global Crisis

January 8, 2009

The primary crisis is food that reach further and be more crippling than anythihg in the world. Food prices in the past year is intensify in the next few years increased demand for meat and all daily products from growing middle classes of countries like China, India and more have a heavy demand for biofuels industry. Global crisis start on middle of year 2007 and in 2008 around the world stock market was fallen, from small to large financial institutions have collapse and governenments wealthiest have to come up with rescue package.

The causes of leading global crisis has been reported for many months with commentary about the financial stabiity of leading U.S and European insvestmens bank. The world political leaders and national ministers of finance and central bank director have coordinated their effrorst not to fears but the crisis is ongoing and continues to change. Crisis with investors tranferring vast capital resources into stronger currencies such as the dollar, yan and the swiss, leading many emergent economies to seek the international monetary fund.

Posted by renanorola at 11:21 am | permalink | Add comment