11-05-2009, 03:18 PM
David Guyatt Wrote:The depression is going to last a lot, lot longer than anyone is saying and the recovery, when it comes, will be very patchy and slow.
Read as: "horrible times ahead".
Otherwise have fun reading the newspapers and watching the TV news. Because they are no longer a serious or independent disseminating source of hard and important news.
But we may be all be treated to "swine flu" mark II in the coming months. Or something equally "fetching" and irresistibly adorable. In fact change the "you may", to a simple and concise "you will".
Better to know the uncomfortable reality than swallow the soft porn of the political and business elite who aim to engineer a complacent society during the rough times ahead.
Steve Keen agrees with you David. Grim times ahead. In Australia, we're going to feel the full force of "Fisher's Paradox":
http://www.debtdeflation.com/blogs/