Infoshelter commented on the following stories on BizSugar
The basic reason of the recent economic crisis is lack of demand
"Hello Businessavante, The reason why bad home loans were given by banks, on the one hand, and were taken by consumers, on the other hand, was the belief, that those loans could be safely paid back. Both sides, suppliers and buyers of loans, strongly believed in that outcome, otherwise they wouldn't give or take (depending on what side they were) so many loans. All of a sudden, taking a loan was such an easy task, that people just a few decades ago wouldn't even dream of. Optimism and belief in the payer's ability to pay the loan back (though not always verified by formal procedures, due to the banks' greed for fast, even not secure profit) ignited an overwhelming supply of loans. Because loans are intangible consumer products and their cost is not immediately shown to the consumer's pocket (repayments may last for more than 30 years in many cases), consumers did not hesitate to take loans, based on the (wrongful) assumption that their income, and generally speaking, a strong, spending, consumer-oriented economy, would last for ever-or at least until they had fully repaid their loans, which, as we know now, did not happen. This misleading assumption affected firstly the consumers themselves and in turn, all other individuals and businesses that were financially related or even dependent on them. This domino effect spread over the whole spectrum of industrial and financial activity all over the world. Will it happen again? It certainly will, as it has happened so many times in the past, and so frequently in some cases, that it makes us wonder about people's weak memory and how easy it is to persuade us to take certain actions, based only on sentiments, such as overwhelming and groundless optimism and entusiasm."Finding solutions through analytical thinking - by Georgios Gkoutzouvalos - Helium
"First of all I would like to thank you for your feedback. The subject itself relates to various areas of philosophy. Pythagoras and many other philosophers, mathematicians, artists and thinkers in various fields of human activity and eras of human history have contributed to subjects such as, for example, the precise (or approximate) calculation of mathematical roots. In our case, it looks like we have a camera by which we can focus closer or further away from the point of examination. I agree with your remark and I would add that, aiming to either an integration or segmentation of the whole picture depends on the particulars of the problem. In business terms, this applies to problem solving and I do not know if you agree that it requires a number of factors, such as theoretical knowledge of the generic and specific aspects of the process which relates to the problem (University, College, other education) as well as practical knowledge, which can be learnt by experience, repetition and practice and can be magnified by personal characteristics, qualities and skills. I would conclude that it is a combination of acquired knowledge and skills, and personal qualities and abilities, upon which, we will be able to judge if we should increase or decrease our concentration at the specific point of focus."« previous1 next »
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How to attract funds for an invention - by Georgios Gkoutzouvalos - Helium
"Hello Businessavante, You can have a look at one of my articles about the "Benefits of stereolithography" at: http://www.helium.com/items/1899156-benefits-of-stereolithography-advantages-of-stereolithography-why-stereolithography"