How does the author narrate the possible economic scenario?

Directions: Answer the question based on the following passage.

While there is no denying the fact that the world economy is limping out of its worst doldrums faced in the last few decades, a sudden stiff breeze cannot be taken to be the guarantee of the availability of sustainable energy to fill the sails. For starters, nothing can be said with certainty about the system having been decisively purged of the ills that have been plaguing it for the last few years. While many, including the optimists and the salespersons believe and preach that the worst is over, one should not lose sight of another disquieting fact which avers that the gullible will be taken for a ride every time by the unscrupulous elements amongst us. With many a corporate lie exposed, and the financial battlefield littered with the corpses of the erstwhile giants of the arena, one would not be called paranoid if one stopped and tried to read between the lines of the statements of capital bonhomie given by the ones with an axe to grind and with smiles that never reach their eyes.

While the postulations of the happy-go-lucky and those of the doomsday conspirators gyrate wildly between the two extremes, there can be no doubt that any of the two extremes, and many, many intervening scenarios are possible and perhaps all that it will take for the fickle beast to turn either way will be such a small trigger that might just go unnoticed till the time its repercussions hit us with gale force. A major impediment sometimes in reading the writing on the wall is not the inability to read, but the sheer mule headedness in not acknowledging the same. For starters, the lack of connect with old times and time tested values has proven to be the waterloo of many individuals and institutions and one of the fundamental rules is to stay solvent. With the economies across the developed world teetering on the brink, the political masters and bureaucrats are scrambling to provide fiscal stimuli in an almost vain hope of finding a silver bullet for the werewolf prowling on the horizon. With interest rates at their lowest ebb, the powers-that-be are borrowing heavily in order to prop up the faltering businesses in the hope that someday, when things get better, the debtors will be knocking the doors down in a mad stampede to repay their financial obligations. All is hunky dory as long as the story meanders along predictable lines but if there is a default by the retail borrowers going ahead, this David could really bring Goliath down in a jiffy. With everything being felt in rippling after-effects, suddenly the malaise could spread to financial organizations. With them gone, the State could be left hanging in thin air with no safety net. With just one default on the part of the State, an avalanche of redemptions will hit the treasuries and the situation will turn very sticky indeed. If the creditors lose faith in the system, it could result in mass redemptions of the bonds and debentures which, if the state is interested in protecting whatever is left of its dignity, will spark off borrowings at higher rates of interest and that would awaken the scepter of sky-rocketing inflation. What would go up from bottom, will knock down many more dominoes on its way back and the resultant recession might just make the Great Depression look like a jaunt in the park.