THE BOOM IN THE WESTERN COUNTRIES HAS BEEN HEADING TOWARDS A BURST.

An unprecedented economic phenomenon in the developed nations, particularly of the western countries semed to have reached uncontroled extend, or phase in the so far attained progress and success that has been heading towards a burst from that had previously been known as the boom, the buzz and the economic miracle of the western countries. Economic gains from the manufacturing sectors have continuously dwindled to a trickle percentage. Financial crisis has been accompanied by debt crisis and its consequences have been the inflation, major currencies devaluation,tougher banks regulations, jobs cuts, forecloser and an ever increasing number of the homeless people amid the economic phenomenon in which the few wealthy people would continue to grow wealthier, while the majority of the population would remain in the ceaseless struggle to sustain an income for living.

Written by Godfrey Ohia.