Last month when Yevgeny Gontmakher a Russian sociologist wrote about the financial crisis in Russia he was censored by the Russian media. The excuse was that he was spreading extremist sentiment.
He said " The situation in this country is changing, you can no longer utter the word crisis."
But if you go in depth, is it a good idea to speak and write about financial crisis especially in the media at the moment?
Christmas is coming and like most of the Maltese families I am going around shopping and finding every excuse possible to spend money. I think the Maltese especially the man in the street are not reacting badly to the financial situation or they are trying tot hide it out. Eventually January will come and Christmas will be over and then we will start hearing more consistent talk about crisis. Economists are forecasting that the situation will be worse by March.
Thinking rationally as mad as it may seem I think that it is a better idea to keep the Christmas spending mentality during these bitter months. Why ? you may ask. I personally think that if people continue spending like they were pre- crisis this problem won't make much of an impact.
The more we moan and groan and exagerate about the financial crisis, the less people will be willing to spend and if this scenario takes place in a short period of time it will harm the economic cycle.
Should we stay quiet as if nothing is happening?
Should we continue spending like there is no tomorrow?
Balance is the answer but actually that is up to the general public to decide, but if this moaning groaning and exageration continues I am really afraid that this financial crisis will come much earlier then we expect it.
He said " The situation in this country is changing, you can no longer utter the word crisis."
But if you go in depth, is it a good idea to speak and write about financial crisis especially in the media at the moment?
Christmas is coming and like most of the Maltese families I am going around shopping and finding every excuse possible to spend money. I think the Maltese especially the man in the street are not reacting badly to the financial situation or they are trying tot hide it out. Eventually January will come and Christmas will be over and then we will start hearing more consistent talk about crisis. Economists are forecasting that the situation will be worse by March.
Thinking rationally as mad as it may seem I think that it is a better idea to keep the Christmas spending mentality during these bitter months. Why ? you may ask. I personally think that if people continue spending like they were pre- crisis this problem won't make much of an impact.
The more we moan and groan and exagerate about the financial crisis, the less people will be willing to spend and if this scenario takes place in a short period of time it will harm the economic cycle.
Should we stay quiet as if nothing is happening?
Should we continue spending like there is no tomorrow?
Balance is the answer but actually that is up to the general public to decide, but if this moaning groaning and exageration continues I am really afraid that this financial crisis will come much earlier then we expect it.
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