Tuesday, September 16, 2008
Butterfly effect
I’ve always been fascinated by the adage - ‘When a butterfly flaps its wings in Africa there is an earthquake in Japan’. The cosmic unity of all things living is something that resounds deep within my being. However, I now notice the same phenomenon in the financial markets of the world. If Chuck in Texas defaults on his mortgage payment, stock markets in the Gulf lose $39 billion, and 5,000 people in India lose their jobs and so on and so forth. With amazement I have watched the world economy unravel to the butterfly effect of the subprime crisis.
Labels:
Economy
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