I found an interesting video documentary that explains the current global financial crisis, linking the dot.com bubble, the 9-11 terrorist attack, the US real estate/housing bubble, and the bail out bubble. What I found disturbing was the idea that we are all living in borrowed time. It makes you wonder when the next financial crisis would strike.
It looks pretty grim but ironically the local economy is doing good -- thanks to the income generated by the BPO companies and OFWs sending money back home. But I think governments and private citizens do their share in preparing for another possible financial crisis.
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