Global Financial crisis...put into perspective.

Just as I began to look more positively on the outlook of the global economy devastating news schock once again.

More layoffs and yet another drop in house prices. How low can it go...?! As long as people keep their jobs you can keep the worst effects off from affecting your life directly. That is unless you work as a banker and have front row seats to bankruptcies every day!

Amidst all the aching, and the fact that people like me who have a love for entrepreneurship and venture capitalism miss the good ole days, there could possible be some rays of sunshine in the middle of all of this. At least the fact that we learn so much about fundamental macro economics and the vast amount of dependency we have between nations.

But who exactly sets the agenda for the crisis - the invisible hand or does retoric come into play? And who will be hit the hardest (if any) by the crisis?

I will be writing some articles on the issue and give you my thoughts on the many reports that are being published on the matter.