(One Very Long Shinaknsen Train around Tokyo)"Cast out Satan"
As this is a Monday after three consecutive holidays for most of Japanese workers since last Friday, it might be a long night.
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The most important argument on the current global economic crisis since 2008 September's Wall Street Debacle is why and how they could not stop the Great Depression in 1929 and 1930's, since advanced knowledge and expertise can be only developed through inheritance of past lessons learnt.
There must have been some critical signs and indications in the U.S. economy in 1920's. There must have been at least a few decisive unusual trends in business and finance or in the consumer market.
I myself discussed these matters in this blog prior to the 2008 September's Wall Street Debacle. Though it is still hard to assess how much I contributed with those writings to suppressing damages actually brought by the Wall Street Debacle, I think it is still necessary for me to focus on the economic side of human activities on the earth to further contain the future economic disaster, if so predicted in any small probability.
One key factor to driving the U.S. economy as well as the global economy is the Internet power supported by computer and telecommunications technologies. So, I like to review these aspects of the world prior to the 2008 September's Wall Street Debacle:
From 2003 to 2008, namely during the recent four years, the broadband use in America grew three times larger than in previous years as the following data provided by Lehman Brothers show.
(Click to enlarge.)http://www.scribd.com/doc/2977408/Internet-Data-Book-April-2008
From a historical point of view, after the launch of the Iraqi War by President Mr. George W. Bush in 2003, the mood in the U.S. society apparently changed; the shock of the 9/11 Terror became the thing of the past and the business and venture mind captured most of American citizens like in the stock-market boom in late 1990's. And the ever powered up Internet was there.
In summary, they could then manipulate their one-billion-dollar embedded data in various ways of, for example, dividing and multiplying tens of hundreds times through thousand types of combination with other data items in a very short period of time. And the broadband transmission path allowed them to quickly and smoothly exchange their own Tera-byte data with others' in trade.
What is more, the War on Terror boosted the demand for high-tech information technology in various fields, including the national security industry. Accordingly, a huge amount of human resources and funds were invested in the IT sector like before the IT business downturn around 2001.
This enhanced IT capability was naturally applied to the global financial market and Wall Street businesses almost directly, though not for the sound and right risk management but mostly for earning ever increasing profits large enough to easily cover any possible financial risks calculated in computers.
The geared-up use of the Internet through broadband can be easily inferred from the general trend of the diffusion of the broadband Internet as shown in the above figure provided by Lehman Brothers.
But, Lehman Brothers also provides a figure that shows who the most popular search-engine providers are.
(Click to enlarge.)These shares of the search-engine providers might look irrelevant to the IT boom on Wall Street in these days. However, it tells one specific characteristic of the IT world. It shows the inclination toward the most powerful party as if there were no room for accommodating a variety of methods and strategies in competition.
It is a world where a clearly recognized simple end requires the clearly and simply most advantageous means and tool. And, every player can easily judge relative merits among candidate tools even at his/her desk in office or at home.
It is a world where fortune of war is quickly decided and understood by any party.
This mentality must have prevailed on Wall Street, making workers there all simple minded in terms of their behaviors and strategies in making business or acquiring any type of fortune...
(to be continued...)
(Two pilots died early this morning at Narita Airport due to side-blow crash on landing being mightily attacked by strong gusts.
It was just like a few ribs of my umbrella were broken by a humble tempest wind yesterday...
http://news.bbc.co.uk/2/hi/asia-pacific/7958367.stm )
That is why I once proposed a rocket booster to be equipped under the fuselage of a jet plane for blasting and heaving up the plane in an emergency such as a sudden descending onto the ground.)
Mar 3:23 And he called them unto him, and said unto them in parables, How can Satan cast out Satan?