Free Fall Or A Weighted Pull Down?

The free fall in economy globally was naturally most unexpected and came in an inopportune time- the Olympic year. While the oil prices had a say in this meltdown, the other factors like disproportionate hike in the value of the real estate by the greedy brokers and high levels of concentration by the banks on this sector based on wrong assumptions, can not be swept under the carpet. Aided by the governments’ interventions and the resilience of the people the world wide to fight bad times, the markets are bound to recover sooner. But let us hope that we are wiser by the experience.