I only tinker in this sort of field, but I don't really think it lies under the headings of easy credit or sovereign debts or anything like that. merely that the financial markets no longer resemble the real world. A single day's trading results in trillions of £ being spent, noteably more than the world's GDP. While this is strictly only a transfer the problem seems to be that our lives and money flows are moderately affected by situations that develop in such markets. Furthermore this huge amount of money needs replacing when thigs go belly up, a task which it is impossible for the world's current economy to fullfil.
That and the fact that it is physicists and maths wizzards that design finacial products, what witchcraft is this?
That and the fact that it is physicists and maths wizzards that design finacial products, what witchcraft is this?