The 2008 Economic & Financial Tsunami – An Overview for the Lay Person

( by Joseph K. H. Cheng )  

The present financial and economic crisis is aptly described as the Economic
& Financial Tsunami of 2008. Its speed and magnitude of devastation is as
overwhelming and destructive as a tsunami caused by the forces of nature. Only this
time, it is totally man made.

To have some basic grasp of the present turmoil one needs some basic
knowledge in economics, accounting, finance, banking, fiscal and monetary policies.
More important still is the way these various disciplines work in unison with one another
in real live scenarios. It is the subtle connection between their interaction that provides
the key to the understanding of the tsunami.

Please forward your comments to jcheng_fsjy@blogrithmatic.com .