We have become one ‘BIG HAPPY FAMILY’

Hello Everyone,

When most of us are fighting to stay in the race, and avoid becoming another statistic in the government unemployment line, I can’t help but wander how the world has become truly  intertwined. I mean one central bank official gives a comment and that gets the ball rolling, affecting another stock market across the atlantic, for example, the Down Jones was about to record another triple digit gain and boom! the European Central Bank president Mr Jean Trichet makes a comment and all that gain is lost. How? Well, lets look at it this way, the world has become a global village, and anything that happens half way across the world is going to affect us either directly or indirectly. The genesis of the current financial crisis started in the US housing market, and spread across the globe like a bush fire. Europe is still not out of the woods yet, and some of YOU may celebrate growth in GDP in the US, don’t be so quick to jump up and down because a large chunk of US exports are to the European Union, and therefore this will have an impact on growth in the US. Look at another example, Africa was spared from this meltdown, but it can still feel the heat from the bush fire that is out there, the continent generates a bigger percentage of their government revenue from tourism and exporting agricultural produce to Europe and the US, now when these consumers start spending less and cutting costs, this hurts the african economies and so they are not spared either. So, be careful what YOU are cooking in YOUR kitchen, the neighbors will know whats for dinner, and always remember this, that we have become one “big happy family”.