http://www.marketwatch.com/story/public-enemies-run-not-rob-our-banks?pagenumber=2
....Do this and "we will see an economic life closer to our biological environment: smaller companies, richer ecology, no leverage -- a world in which entrepreneurs, not bankers, take the risks and companies are born and die every day without making the news. In other words, a place more resistant to black swans."....
Wow... even in marketwatch.com stock market site. Nicely said. :-) Capitalist, but with spirit. mm.
Thursday, July 2, 2009
My two cents on the Econ. as of July 2009
From my perspective educated as a critic of Growth Economics, schooled in regional ecological experiments in sustainability, I assume the economy will continue to "shrink". By this I mean that economic data will be less suitable as an all-purpose benchmark to describe American Life. This of course is inevitable from a "sustainabilist" perspective. Capitalism typically attempts to delay this shrinking by going to war (taken from Marcuse's idea from the 1950's), playing with currency valuations and trade barriers, subsidizations and incentives.
Now, as a new player in the stock market, where the rules are changing, and even whether the dollar with soon be over- or under-valued, I find myself betting against myself often enough. The rule bending and suspending that high-banking and high-business folks have specialized in has convinced even me.
However, it seems more and more true that American life is going to soon look much more like the rest of the world.
In these ways:
People will live at home longer as youth, and older parents with their children (to save money).
It will be less likely that both parents will work if at all possible (for lack of jobs).
People will move less because there will be less opportunities anywhere and everywhere for growth and people shuffling. This will cause less "cookie-cutter" homes to be built, so although homes will be more expensive to buy (because they will be a majority of custom homes if new) renting may go down.
This will slowly affect almost all sectors of the economy. Transportation.., energy.., education..- maybe not.
Hmmm.
Now, as a new player in the stock market, where the rules are changing, and even whether the dollar with soon be over- or under-valued, I find myself betting against myself often enough. The rule bending and suspending that high-banking and high-business folks have specialized in has convinced even me.
However, it seems more and more true that American life is going to soon look much more like the rest of the world.
In these ways:
People will live at home longer as youth, and older parents with their children (to save money).
It will be less likely that both parents will work if at all possible (for lack of jobs).
People will move less because there will be less opportunities anywhere and everywhere for growth and people shuffling. This will cause less "cookie-cutter" homes to be built, so although homes will be more expensive to buy (because they will be a majority of custom homes if new) renting may go down.
This will slowly affect almost all sectors of the economy. Transportation.., energy.., education..- maybe not.
Hmmm.
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