Nobel Prize Winning Economist: Crisis As Bad As Great Depression Or Worse
G7 apoia plano norte-americano para travar crise financeira
In PúblicoTaxa Euribor volta a subir para 5,242 por cento
A taxa Euribor a seis meses, o indexante mais utilizado nos empréstimos à habitação, voltou hoje a marcar o seu valor mais elevado de sempre, para 5,242 por cento.
As restantes taxas acompanharam idêntica tendência, provocada pela escassez de liquidez dos bancos, tendo a de três meses trepado para 5,029 por cento (o máximo em oito anos) e a de 12 meses os 5,44 por cento.
In Público
Depois da injecção de “ar” realizado pelo FED e pelo Banco Europeu depois do estado Americano ter “Nacionalizado” as famosas empresas e as sua dívidas, intervindo na AIG, salvando-as….Os especuladores, agradecidos pela acção dos Bancos Centrais e pelo lucro já realizado, decidiram aumentar as taxas de juro…mais lucro mesmo que seja à custa do bem estar dos que trabalham.
Mas a crise não terminou! Segundo o Prémio Nobel da economia, Joseph Stiglitz, avisou que a crise se irá manter e aprofundar durante os próximos 18 a 24 meses.
Joseph Stiglitz:
“I am particularly worried about what I call the ‘real economy’. Basically when the financial system starts getting weak, it is not in a position to provide credit, to provide loans, to provide mortgages and that means in turn that housing prices are going to fall further, businesses are going to contract, unemployment is going to grow and it is a downward vicious cycle… I don’t want to be obsessively pessimistic but you have to be in fantasy land to say that everything is fine, and even to say that we have turned the corner. We’re still in the downward phase of this economic cycle. We should not anticipate emerging from this for a year and a half or longer.”
“The reason, in part, is that while some of the same problems that occurred during the great depression and have occurred since, such as excessive leverage, pyramid schemes, bubbles, have happened before, the so called innovation of Wall Street, the financial innovations, that were supposed to manage risk, created a kind of non transparency that is now so great that no one knows exactly the magnitude of the risk they face.”
“It is particularly bad because our financial institutions are based on trust, you put the money in the bank and you trust that you can get your money out, so trust is absolutely essential for the functioning of our financial markets and the functioning of our economy.” he continued.
“The problem is that much of the news on what is going on in the financial markets comes from those who are making money out of the financial markets. So if you were one of the people involved with Lehman Brothers or AIG, you’re going to be talking up the economy. The head of Lehman Brothers was quoted last April as saying we have turned the corner, the economy is on the uptick. And the same thing goes for the president and the secretary of treasury.”
“The fact is that they are involved in salesmanship.”
Ouça a entrevista realizada a Joseph Stiglitz
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Enigmático o aviso do Presidente da República, nos noticiários desta noite:
O Sr. Silva está muito preocupado com a crise e estima que vem aí tempos ainda piores para os portugueses.
Mário Nunes
Setembro 23, 2008 em 10:32 pm