The world financial crisis is seen as a sudden surprise by many. Lets be serious, this has been a long time in the making since the bubble burst in silicone valley years ago.
In the 90's when many started realising that it was unrealistic for an internet startup to raise millions of dollars for little more then having a website and a
idea, it soon became clear to some caution and good old fashioned hard work was needed to survive.
Today most of the company's that adopted this cautious approach are still in business and are major players.
So it seems there were warnings to be cautious on borrowing what seemed to be an endless supply of money.
I guess they thought money really does grow on trees. More on this later.
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