Why be optimistic in May 2010? Four good reasons. Recession and rock - The financial crisis was accompanied by a weakening of the euro by almost 20% compared to the highest. This represents a considerable gain in competitiveness - equivalent to a shift from 35 to 42 hours without wage increases, or an exemption of 50% employer contributions.
- The accumulation of bad news about bank debt or State mark especially a brake on years of increases: difficult for a State or a bank to continue past excesses in the current context. Or know the name of his disease is already a first step toward healing ...
- A crisis is an opportunity for change, "Be yourself the change in the world you want to see in the world" (Gandhi, quoted in "Surviving crises", Jacques Attali). Many success stories (see here
testimony of Steve Jobs ) financial, economic, political crises have arisen, which allow new concepts or new personalities emerge - as Gramsci wrote
" The crisis is when the old is dying and the unborn young reluctant "
-
As I explained in a ticket in 2008, the phase of "late cycle" we are currently also marks the beginning of the next. The funds will gradually shift to more sources of value "tangible" financial arrangements that obscure the best students will choose to start research or industry rather than the sophisticated financial engineering, the "creative class" goes global refocus on ways to solve the great problems facing humanity, rather than on how to bypass the banking prudential regulation.
