The strength and the health of the national economy of any country should be measured by two contradicting factors; the strong demand where people has the power to buy and no recession in the market and on the other hand the savings of the people and how these savings are managed. This is the flow of the cash within the community where the personnel income distributed to spendings and savings. Both are required to push forward the economy but both should be encouraged wisely. In Egypt great deal of our spendings now are consumed on the consumptions like food and house consumable supplies and phone and electricity bills. Savings mainly are distributed to the banking deposits.
I would claim that the middle class slice of the community is still away from the stock purchasing and the mutual funds or definitely bonds.
The wise government is the one who really understands how the people are managing their money and investing and growing their investments not in the short sighted ways like building parks and villas and compounds for the very elite of the society but for the major development project which is generating revenue for the whole nation.
If we have real government represents really the interest of the people, they should plan for major and strategic projects which will transfer Egypt dramatically.
These strategic projects like nuclear plants, IT Outsourcing, Biotechnology, Solar Energy.
Governmental bonds to be published to the people and deduced directly from their salaries. This will encourage people to save and to contribute in the major projects and will increase their national pride and loyalty since they will share the profit.
The current time deposits system from the bank is the worst where money is just circulating between the borrowers and the lenders in illusive projects like building these handful compounds surrounding Cairo and there is no real development projects.
The majority of the customers for these compound houses are the ones who spent their life working abroad or the rich families in Egypt.
There is no wealth developed really inside through massive and serious projects.
These ones who are returning from abroad after 10's of years of saving and hard workings, they are freezing their savings in these houses surrounds by patches of green grass in the middle of the desert and garbage lands.
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