Where will we find the Cantos for this (from The Independent)?
Is this the moment? The moment, that is, when the world economy slides
into slump? The collapse of Bear Stearns is a signal of much worse to
come. Perhaps the most significant barometer of the economic health of
the world today isn't the FTSE 100, the Dow or the Nikkei, dreadful
though they were at times, nor the free-falling dollar or the soaring
value, yet again, of gold. Rather it is the suddenness with which the
situation is being compared with the 1930s, the most miserable decade
in a century of economic history.
That may be an apocalyptic view, a typical product of the mood swings
of markets suffering from bipolar syndrome; but the world economy is
sick. It is suffering from illnesses that are beginning to feed on
each other, creating a vortex of downward spirals. Grim forces have
gripped the world economy, a combination not seen since the Great
Depression.
I especially liked the reference to 'bi-polar syndrome,' an answer not
available back in 1929....
Doug
Douglas Barbour
[log in to unmask]
http://www.ualberta.ca/~dbarbour/
Latest book: Continuations (with Sheila E Murphy)
http://www.uap.ualberta.ca/UAP.asp?LID=41&bookID=664
to rid me of
the ugh in
thought
i spell anew
weave the world
out of the or
binary
bpNichol
|