This recession hit very badly to the framework of the working of financial markets. These markets are not presenting the correct picture of the economy rather showing false images by forming bubbles which burst quite often. This phase which is termed as the recovery phase might be another bubble engulfing many people in the trap.
There is a definite need of an hour to convert the technical valuation of the financial markets product into fundamental valuation. Until this happens, we can't see any sign of recovery phase of any economy.
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