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The economy is not going to hit a slight dip and then bounce to normal. Asia's economy is stagnant, 50% of the world's economies have asked for emergency funding, oil nations are screwed and people won't be spending money anytime soon. #RethinkTheFuture who.int/emergencies/di…
I have been pointing out that the global JIT/high efficiency economic model has no basement, wiggle room or capacity to handle disaster. The US economy was already puffed up, stressed with no concept of how to handle 22 million out of work Americans. wsj.com/articles/great…
Businesses rely on people spending money, people rely on jobs to have money. We have broken the cycle. Most Americans have taken advantage of easy debt and reduced savings. The government is offering debt to save drowning businesses. Debt requires growth. fool.com/the-ascent/ban…
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