"The mankind was not prepared for such a crisis"

but … "Great Britain’s main city has the best infrastructure of lawyers, accountants and financial experts in the world. "

…

Crina Boros: There are still issues to be discussed about the economic crisis.

George Iacobescu: They cut down forests to write about it. I believe that such an economic crisis had never happened before. The entire mankind lives in the fear and surprise of this economic crisis. Practically, it will last for at least three or four years. It is only in 2011 that the values will begin to look familiar with the 2008 siblings.

…

Oh, heck. Just read the whole thing.[1]

————-

[1]: "George Iacobescu, Canary Wharf: ‘The mankind was not prepared for such a crisis’ ", by Radu Rizea, HotNews.ro, November 28, 2008.

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1 Comment for this entry

  1. mtnmike says:
    November 28, 2008 at 9:16 AM

    Good Morning John,

    I did read the entire piece and came to the conclusion that either I am wrong or Iacobescu is an optimist with his 2011 date for a turnaround.

    I believe that the U.S. has reached zenith for the premise of exponential growth. For a nation whose total economic underpinnings are anchored in never ending growth and if I am in fact correct, 2011 has little significance.

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