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Something to Think About

    What we observe is not nature itself, but nature exposed to our method of questioning.
    Heisenberg, Physics and Philosophy, 1963


    The skeptic has no illusions about life, nor a vain belief in the promise of immortality. Since this life here and now is all we can know, our most reasonable option is to live it fully.
    Paul Kurtz


    An invasion of armies can be resisted, but not an idea whose time has come.
    Victor Hugo


Archive for October 31st, 2007

News Headlines - Faltering Economy

This is a collection of news headlines and articles tracking the global economic recession slowly unfolding.

There are three points to keep in mind when scanning these:

  1. The Financial Times, the main source, prides itself in non-sensationalist news - these articles are pretty sensationalist if one reads between the lines;
  2. Over the past 200 years, the average length of time between depressions has been 22 years; it has been 24 years since the last depression in 1982 - See Brief History of Western Depressions;
  3. Newspapers invariably report on events after they’ve occurred, and seldom report on trends. Neither do they predict outcomes. The real value of this collection is if you, dear reader, are able to identify the trend for yourself and postulate what the outcome may be. As a hint, here are a few concepts to keep in mind: The Great Depression of 1929; Zimbabwe in late 2000’s; China becomes world superpower in second decade of 21st Century.

Each link opens in a new window, and each is from 2007. Simply hovering your mouse over each link will give you a feel for what the article is about. (Note that the FT limits you to 5 articles per day without registration.)

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Global Snapshot

US$ Index 77.34 <<
US Debt 9.057 tril >>
US Debt Limit 9.815 tril

>

Gold $765 >
Silver $13.50 >
Oil $88.60 >
Mil. Bases 760 -
Mil. Expen. $634 bil >
Population 6.62 bil >
Religion 84% -
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