The Global Recession13/02/09 Permalink
Worth a read for those who want to dig a bit deeper than what the main news tells you (bit of history of currency as well). Basically what has caused the recession is bank's lending excessive to entities (people or companies) that may not be able to pay it back. Here's a good quote from here:
Mobile consumerism is something that will help the pull out of the recession - the market is massive - and it's right there in the consumer's hand. But it's still an emerging technology - consumer confidence with payment through their phone is no-where near the level of PC online trading - but it may well be in the near future. Mobile E-Commerce has still got some way to go but the potential is huge.