According to the politicians and the media, we are entering the worst economic times since the Great Depression
Well, maybe, maybe not.
Maybe things have been too good for too long for anyone to remember.
Or maybe, just maybe there is a method to the madness, a bit of politics at play?
We just finished a political year when there was no candidate with a vested interest in the upside, all was on the downside.
I will grant that there was much wrong, and much wrong-doing, rampant greed on Wall St.
But will the turn, when it comes be all the new administrations doing?
Time will tell
Economic Scene - The Economy Is Bad, but 1982 Was Worse -
"You often hear that we are now living through the worst recession since the early 1980s, and the comparison is not wrong. But it’s ultimately unsatisfying, because it is a little too vague to be useful."
No comments:
Post a Comment