Dream bubble

 „Why shall we pay a financial engineer more than a real engineer? A real engineer constructs bridges while a financial engineer dreams only.” I apologize to all economists for finding this sentence genial, especially now, having watched again the Charles Ferguson film Inside Job, awarded by Oscar in 2011. The above citation is from this documentary. Ferguson brutally discloses the shocking truth behind the economic crisis broken out in 2008. There are few good films about world of finance in film history. Inside Job is of this type. It provides a comprehensive analysis about the global financial crisis 2008, discussing its causes and effects. Ghastly describes autarchy of money and how the American dream bubble was bursting out. 
More than 2,000 billion dollars evanished due to the global financial collapse in 2008 worldwide, and tens millions of people lost their homes, jobs and savings as a consequence. As introduction, the reasons of how to get here are analyzed in the film. Research begins in the 70’s when more and more complex financial products had been brought to the market and manipulated, financial organizations had colluded and, the balloon burst brought all this to an end. As an additional layer of the story, development of ethic and morals of main actors of the crisis, elated with success, is demonstrated, they bought prostitutes and cocaine for their employees as entertainment while breaching the global financial system to serve their own interests. The inherent cause, the most obvious question is: What did the US government do meanwhile? Why did it allow to Wall Street lobbyists to reach deregulation of the market to such a brutal extent? An expert saying its opinion in the film answers this question referring to the Bush and Obama administration: „America has a Wall Street government”.
Of course, this Ferguson film has not ended for the Hungarian audience, it runs farther in our brain because impacts of the burst of the American dream bubble have not stopped at the coasts of the New World. It led to financial crash all over the world very nearly. We clearly remember its lessons learned in Hungary like auction sales, company windups and seeking exit from debt trap bitterly. The Hungarian motion-picture industry has not provided its impressive reading of these happenings yet.
Luckily enough, the plastics industry has survived the crisis with lower losses: a recent report states that injection molding has been the driving force in plastics processing in Hungary. Although, there was some slowing-down, this is a continuously developing sector growing uninterruptedly despite the depression. In February issue of Polimerek, we publish, among others, analysis of the Hungarian injection molding sector by Ms. Buzási. Read us – It is worth again!

J. Mező Éva
Editor in Chief

 

 




Current Issue content – Volume 4, Issue 2

B. Braun enlarges its plant in Gyöngyös within an investment of 30 billion HUF


Polimerek 2018, 4(2), 36

MOL is going to quadruplicate its tire recycling capacity


Polimerek 2018, 4(2), 36

Graboplast is working on development of self-cleaning floor


Polimerek 2018, 4(2), 37

A place where trash is re-interpreted: Waste market


Polimerek 2018, 4(2), 37

Less plastic packaging in England


Polimerek 2018, 4(2), 37

5 billion Forints subsidy to 45 SMEs in county Pest for development


Polimerek 2018, 4(2), 37
Buzási, Lajosné:

Situation of injection molding in Hungary 2016

Injection molding is one of continuously developing fields of plastic processing; in the past seven years, it has grown uninterruptedly despite the crisis. This sector has expanded by 48% as compared to 2010 while this figure is 32% for plastic processing as a whole. At the same time, share of injection molding rose from 28.4% in 2010 to 32% per annum.

Polimerek 2018, 4(2), 39

Current consolidated economic situation shall be utilized. Macro-environment provides basis for further development – was said on the business opening conference of HG Media at the beginning of this year

The Hungarian economy is stable that can be partially attributed to the global boom: macroeconomic key figures are favorable and BUX index has been increasing continuously for three years. In addition to positive phenomena, also competitiveness problems of Hungary, within it workforce shortage have been discussed on the Business Conference of HG Media Group within its events series „In Focus”. It was also said that this favorable situation at present should be utilized for additional advance, first of all, for workforce training at the adequate level.

Polimerek 2018, 4(2), 44

Role of plastics in drinking water supply and sewage disposal of dwelling houses

„What a house makes work” – II Conference of Association of Plastic Pipe Manufacturers on 25 January with connections between building engineering and Hungarian plastics pipe systems in focus.

Polimerek 2018, 4(2), 46

Smart materials for smart applications

Intelligent or smart polymers expand overall capacity of polymers standing in connection with their environment and reacting to its changes. These materials may be sensitive to a lot of factors such as temperature, humidity, pH value, light, wave-length and intensity of electric or magnetic field, and pressure, and they may react to such „impacts” differently: they may change their color or translucence, become electrical conductors or water-permeable or even change their form. They may modify their own structure, adhesion or water continence.

Polimerek 2018, 4(2), 48

Market waiting for February developments


Polimerek 2018, 4(2), 54

DSM: First-class plastics and special products


Polimerek 2018, 4(2), 56

Guaranteed German quality at competitive prices represented by Storker


Polimerek 2018, 4(2), 57
Pomázi, Ákos; Toldy, Andrea

Development of glycerin-based incombustible epoxy resin composite material for engineering applications

This paper describes how to inhibit burning of a glycerin-based epoxy resin, that can be manufactured from a potentially renewable resource and processed by injection due to its low viscosity, and its carbon-filament reinforced composites.

Polimerek 2018, 4(2), 59