What you think about Slowing down of World Economy...

November 10, 2011 2:07pm CST
The world economy is slowing down again, inspite of massive injection of money and credits.The changes long-term consumers do not notice is that their saving and pension are being stolen by government to balance their losses.
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2 responses
@telmesh (1793)
10 Nov 11
You appear to be new here welcome. Yes it should be odvious that quantitive easying is a way of printing money with nothing to back it up so yes stealing is another way of putting it. In Britain apart from what it does to pensions and savings we have to put up with rises in pension age. People that are young and working just tend to think they will be working longer, they don't seem to realise that they probably wont have a job for at least the last 5 years of there so called working life.
10 Nov 11
Ya, i m new to this....Thanks for ur comment..
@scheng1 (24650)
• Singapore
12 Nov 11
Hi Moon, that will depend on where you stay, and how you look at it. If you happen to stay in China, where the risk of overheating economy is great, you will not feel that the economy is slowing down. Many factory workers are still working very long hours. They do not dare to take vacation leaves, unless it happens during the chinese New Year period. Imagine telling them that the economy is slowing down, and yet their bosses are pushing them to work 14 hours a day and 7 days a week.