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Something to Think About

    The weak can never forgive. Forgiveness is the attribute of the strong.
    deism.com


    One who understands much displays a greater simplicity of character than one who understands little.
    Alexander Chase


    Happiness and blessedness do not belong to abundance of riches or exalted position or offices or power, but to freedom from pain and gentleness of feeling and a state of mind that sets limits that are in accordance with nature.
    deism.com


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

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Oil $88.60 >
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