An econ story

The economy is failing. Indicators are going the wrong direction, and the projected growth seemed inauspicious. For the first time, technology advancement appeared to have stalled, posing question to whether the economy can sustain its current level. Such recession at times came dangerously close to a depression. It was always the faith of the people that pulled the nation out of such embarrassing failure.

A bailout from the foreign investors or other economic powers is an impossibility, a fact the nation knows too well. It would be foolish to expect the homo-economus-like foreign investors to put down their self interest and start doing charity. It would be fortunate enough if they don't launch a capital flight at such times.

Ultimately, the government has to do something. A stimulus package is certainly to be devised, but could the government have enough foresight and sagacity to concoct the elixir? As usual, time will unfold everything. At the meantime, all the people can do is to support and have faith in their leaders.