The financial crisis of 07/08 was made worst because of the extremely high level of household borrowing. And it is safe to conclude that, high level of household debt remains one of the key causes of prolonged recessions and also a slow recovery thereafter.
So what do we know about science, economics and religion ? Well! for starters, science existed since the day Universe came into being, and therefore science has been around long before humans or human civilisation came into existence. Science is as old as the universe itself. There is science on Mars, but no economy. Also […]
Most Humans are emotional animals, and not just humans, the statement is probably true for most living species on Earth. Unlike money, emotions are hard wired in the overall design of a human being, so separating emotions from a human being is, more or less equivalent to taking out the core of what is being […]
So the new government got into the office on the back of a pitch that was based on a lot of hope and promises, and while I have been personally quite supportive of the need for change. I have never been in any doubt that, the changes will require time and government will have to […]
For some people in Britain as well as parts of the European Union, the general feeling towards the EU project can be possibly be summed up, more or less as that, the EU leaders continue to remain disconnected with the reality, and fail to grasp the reality on the ground. Some do argue that, by […]
A number of possible ideas are being explored, as a way to solve the bad loans situation within the Indian banking system. And obviously, there is no silver bullet. Resolving bad loans within a banking system is, an extremely complicated task, but there are solutions that can at least address part of the bigger problem. […]