Economist Jeff Thredgold claims this recession — “The Great Recession” — is the longest, deepest, and most painful since the Great Depression, has officially been with us since December 2007. A return to positive US economic growth does not suggest that problems with housing, commercial real estate, sick investment portfolios and wobbly financial markets are finally behind us. But it remains a step in the right direction!”
I wonder if it is a step in the right or left direction. I mean, where is this going….?
- Will we compensate a huge stimulus package with an even greater recession later, as has been the history?
- Will we learn the meaning of building reserves and “spending with caution” in mind…or will we be so excited about having money to spend that we reinvent the situations that brought us to this point?
- Who will we trust to lead us in one direction or the other?
- What will historians write about this period of time?
I personally still love the slogan, “for the people by the people.” Basically, it is up to each and every one of us to stand up, get focused on a direction and be counted as people who really love and live in this great country in good times and bad.
As for the left or right…I remain decidedly undecided — how about YOU?
Consider reading the Tea Leaf economic and financial newsletter published by Jeff Thredgold. He generally delivers a positive report — unusual for an economist.
Click here to book Petey to deliver her classic keynote address Raise the Bar, Set the Standard to your group.
RSS 2.0 Feed