Saturday 12 February 2011

New Statesman - Why this could be the longest recession for 100 years

The author's kidding, right? No, he's not! The wise person these days bunkers down because more than likely they are not shielded from the recession which is going to take some time to correct itself. This is not a short blip in unemployment. We are looking at a long haul. The reason is because we have screwed up both the housing sector and the financial system at the same time. Either one would be bad enough. The housing system is bad because it is thirty years to buy a house from scratch with normal incomes. At the fact that banks were profligate and the period is more like fifty years. So at the very least we are talking about a twenty to thirty year screw up while house prices fall to affordable levels. They won't, so growth will be even slower and we may never sort the mess out in our childrens' life times. Assuming they live for fifty plus more years, we are talking about a very long depression. It is so long, we are likely to get a war!

http://www.newstatesman.com/blogs/david-blanchflower/2011/02/output-recession-months-growth


Woohs stream at http://woohs.blogspot.com taps into many streams of thought and action. Nearby yoga at http://nearyoga.blogspot.com taps into human body movement using yoga techniques and Kundalini meditation. There is no end to motion, just evolution and unrelenting change, seen or unseen. Energy is motion both in reality and calculation. Take time to rest even though all inside you is always moving. Your massive relative pause gives opportunity for other smaller streams to catch up. Take time to meditate so that you can see with your mind what lies within and beyond.

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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth. ... more!