Saturday, December 11, 2010

Well Here comes the next Economic STORM

Interesting article in Big Peace tonight , i have sensed this for years but this man has illucidated better than i could ..:)


Economic Storm Clouds on the Horizon

by Paul A. Rahe
The experts charged with determining when recessions begin and end tell us that the latest of these unpleasant events ended a while ago. Technically, they are no doubt right. But that does not mean that the economic crisis we have been facing is over. I suspect that we have thus far only seen its first act. The drama to come may be far, far worse. To see why, one must recognize that economic downturns come in two different forms.
The economists who study recessions tend to think about them in turns of the business cycle – and rightly so, for in most cases it is the business cycle that produces the downturn. In the course of such a cycle, 

it can be summed up as lack of confidence in this economy as run by our current leaders, We are all huckered down waiting for the clouds to clear so we can start going forward again but with the way this country has lost it's way and strayed from the light we may or may not make it..

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