OUR FUTURE???

Washington post ‘s head topic in its Business section was about the seven rich nations of the world gathering to coordinate a rescue plan on the financial crises, a crises which has spread from Wall Street to Hong Kong. They agreed on a five-point plan, issued after finance ministers met at the Treasury Department and all countries broadly endorsed the idea of taking ownership positions in banks which was a strategy Britain took first but was found effective and is now taken up by many others. But the nations were vague on how or when that will happen.
Even as I write this post stock market might face another major decline just as it did collapse for three straight days in the last hour of trading. On Friday, it merely swooned.
Donyaye Eghtesad reports, as for Iran many analysts during the first months of the year anticipated that the increase in the oil price is not genuine and is not the true demand of the market and there surely is something wrong down there. Among their reasons one could see the decrease of Dollar compared to Euro. The months ahead and the changes in the oil price and its collapse to 80 dollars confirmed their stand. Even now they believe we have to enter other variables into the oil problem including the economic crises which will push the oil prices down a very down going slope.
For the first time supply has overrode demand and this could be a nightmare for oil exporting countries like Iran. Therefore it wouldn’t be far to see ourselves sitting and thinking for a solution, that is if we believe there exists any such thing as an ECOMIC CRISES!
Hajar Amidian