The economic recovery is being touted heavily in the main stream media but, beware, things don't look so great in reality. It's been said that unemployment lags behind in periods of recovery and that is why it is still so high. However, I think that is just an excuse being used to push the recovery theme this time.
More people seem to be doubting the claims that the recession is over but there are still a lot who are buying into it. This is unfortunate because the next downturn will take many by surprise and they will be totally unprepared.
Things may not look too bad for a lot of people in the coming months but it will become very apparent this year that there will be no bouncing back from the disaster that we have come upon. In fact, a total deterioration of society could come as soon as the next few months. It is very hard if not impossible to prepare for whatever form the crash will entail. But we know that food and water will be of primary concern with alternative forms of temperature control just as important.
Having hand tools, seeds, food preservation supplies and the means to protect yourselves is going to be important as things get worse. If you have anything left over, preserve it by keeping physical silver and/or gold on hand.
Tuesday, January 19, 2010
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It is good to see you back. I am still in total agreement that the economy is in shambles and unlikely to come back any time soon. I enjoy reading your articles and opinions.
ReplyDeleteIn all fairness it is difficult to predict exactly what will happen. What we are quibbling over is what the indicators are telling us and even there it is open to interpretation. I too think it is likely this will be a long recession with an even longer period of underemployment and depressed housing market (not to mention a sluggish economy and lackluster stock market). But I don't know that just as the highly paid economist do not know what will happen next week, next month, next year. It could all fall off a cliff or we could have another boom, no one knows. So the correct advice is to prepare for the worst and hope for the best. That is good advice in good times too. As my dad once said when he was teaching me to drive "a green light can only turn red so don't drive as though it will be green forever". A boom time must be followed by an economic bust.
ReplyDeleteThis turned out to be a very prophetic op ed. Now they are touting this as a jobless recovery as if there is such a thing. good work.
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