Since the start of the current global financial crisis, many around the world have predicted a recovery period which will follow fron 2010 and onward. But is it certain?

According to the financial expert Dr. Gil Feier, CEO of Info Prod REsearch, the answer is not so certain.  Feiler looks back to the world situation now and compares it  with Japan in the 1990s.  Of course there are similarities but there are also differences. The two crises were created by irresponsible lending mainly on the assumption that real estate prices would continue to go up. Additionally, the financial market turmoil was triggered by the drop in real estate prices. Thus, the adverse effect of the market turmoil spilled over to the real economy. and thereby necessitating public intervention by governments and central banks.

Despite all the measure taken by the Japanese authorities, the Japannese market faced difficulties to return to the levels before the crisis even two decades later. According to Feiler, this might be the case also today, even though the world actions today seem much more quick and decisive.