Global Economy: Fiscal Stimulus no longer works the same way

As the world is increasingly connected through trade, there are many jobs that depended on trade. For example, if you build a house today, you would need to buy wood from Brazi, iron from China and Europe (which got it's sources from India and australia), and paint from US, plaster from US (whose chemical is produced in South America), roofing and tiles from Africa and aircon from China, labour from US and south America, etc.

So fiscal stimulus in ONE country, does not necessarily flow all towards stimulating that one country's economy. As there are a lot of leakages.

Therefore the whole world's leaders should come together and get their act together.

Free market is best when operating within an operating range, once you allow it to swing outside the "boundary", the market does not heal by itself. We are of the opinion that Keynesian economy where the world and each of the governments set some regulatory oversights while allowing businesses and banks to run on it's own. Banks being the bedrock of any economy, there should not be any incentive for these banks to take excessive risks.

For the more risk taking ones, they should be funded by investor's money.