Jamshid Damooei, PhD
What to Look for in the Months or Years Ahead….Continued
Are we going to protect ourselves in the future?
The simple answer is no for the following reasons:
Government will continue to intervene for variety of political and economic reasons. This will continue to cause moral hazard and some inefficiency in the future financial markets .
The urge to develop “Creative Financial Schemes” will continue to be a prevailing and dominating feature of our future financial markets. Like everything else in life creative finance will have its positive and negative impacts on the future economy.
The current financial crisis will gradually be resolved by an upward trend in real estate market prices within a year or longer and the next cycle towards a boom will start again.