Rate of currency forecast to 2010: analyst’s positions vary

The reason of financial crisis is in violation of ethic standards

In brief: Analyst’s forecasts about rate of currency to the year 2010 depend on the development of recession processes

Analyst’s forecasts about rate of currency to the year 2010 depend on the development of recession processes. Some specialists consider the reason of financial crisis in violation of ethic standards. That is why they call to revival of virtue in financial markets.

Undoubtedly the virtual behavior is very useful but the solution of only ethic tasks won’t help to remove the causes and consequences of crisis. The idea of production harmony and general welfare has been supported by the Pope Paul II and the British labourist Frank Field.

Almost all collapses in financial markets begin from monetary booms. Tax and regulation systems’ promotion of financial innovations’ development complicates banking. But if such activities lead to breaking so why are they promoted? In particular most of economists consider that fictitious accounts are usually more important than discretion.

Ukranian Globalist
2009-11-23 13:43, Currency news, Economics.

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