I gave you a break for 6 days, so I thought it was time to give you some new dire news about the economy:
http://www.americanthinker.com/2011/01/the_great_depression_ii.html
http://www.americanthinker.com/2011/01/the_great_depression_ii.html
The American Thinker, Jan. 23, 2011
"The Great Depression II"
You can read the whole article to see why Kirk W. Kelsen thinks we are already in or heading for a second Great Depression. Here is his final paragraph:
"Perhaps respected investor Harry Shultz's comment in his final newsletter this month states it best:
"Roughly speaking, the mess we are in is the worst since the 17th century financial collapse. Comparisons with the 1930's are ludicrous. We've gone far beyond that."
Far beyond, indeed. The future does not look bright."
(Five minutes after posting, I added the following)
Sorry to repost this and mess up your Google Readers, but after I posted it I clicked on that link inside that quote (the word "comment") and discovered a whole nother article that was just as dire. So just for FUN you can read it too!
PETER BRIMELOW
Jan. 10, 2011, 9:39 a.m. EST
Harry Schultz’s last testament
Commentary: Letter gives final investment allocation recommendation
Here is another link for it:
http://www.marketwatch.com/story/harry-schultz-last-investment-testament-2011-01-10
This is a really mind-opening look at what money is on a fundamental, abstract level:
ReplyDeletehttp://www.thisamericanlife.org/radio-archives/episode/423/the-invention-of-money
(an hour long, but well worth it!)
The economy is like Tinkerbell- if you don't believe in it, then it dies. If you DO believe in it, then it lives! It's really just a mind game we've all agreed to play.