Will Cloud Computing save the day or rather the economy was the question that recently came up on the ebizQ Cloud Computing forum.
As I understand it the primary reasons behind our current economic conditions are:
1. The burst of the housing bubble.
2. Questionable ethical practices of lenders with rampant subprime loans coupled with Mortgage Backed Securities and Collateralized debt objects of such loans.
3. Fiscal irresponsibility of borrowers.
Can anyone say "Cloud Computing" to the above?
I certainly CAN NOT. :)
Well, Cloud Computing fans need not despair for even Superman is powerless in front of Kryptonite!
* Originally posted on the ebizQ Cloud Computing Forum in July 2010.
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