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zafonic

Recovery, What Recovery!?

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Or as Peter Finch put it

I don’t have to tell you things are bad. Everybody knows things are bad. It’s a depression. Everybody’s out of work or scared of losing their job. The dollar buys a nickel’s worth, banks are going bust, shopkeepers keep a gun under the counter. Punks are running wild in the street and there’s nobody anywhere who seems to know what to do, and there’s no end to it. We know the air is unfit to breathe and out food is unfit to eat, and we sit watching our TVs while some local newscaster tells us that today we had fifteen homicides and sixty-three violent crimes, as if that’s the way it’s supposed to be. We know things are bad – worse than bad. They’re crazy. It’s like everything everywhere is going crazy, so we don’t go out anymore. We sit in the house, and slowly the world we re living in is getting smaller, and all we say is, ‘Please, at least leave us alone in our living rooms. Let me have my toaster and my TV and my steel-belted radials and I won’t say anything. Just leave us alone. “Well, I’m not gonna leave you alone. I want you to get mad! I don’t want you to protest. I don’t want you to riot – I don’t want you to write to your congressman because I wouldn’t know what to tell you to write. I don’t know what to do about the depression and the inflation and the Russians and the crime in the street. All I know is that first you’ve got to get mad. You’ve got to say, “I’m a Human Being, God damn it! My life has Value!’ So I want you to get up now. I want all of you to get up out of your chairs. I want you go get up right now and go to the window. Open it, stick your head out, and yell, “I’M AS MAD AS HELL, AND I’M NOT GOING TO TAKE THIS ANYMORE!” I want you to get up right now, sit up, go to your windows, open them and stick your head out and yell – ‘I’m as mad as hell and I’m not going to take this anymore!’ Things have got to change. But first, you’ve got to get mad!… You’ve got to say, ‘I’m as mad as hell, and I’m not going to take this any more!’ Then we’ll figure out what to do about the depression and the inflation and the oil crisis. But first get up out of your chairs, open the window, stick your head out, and yell and say it: “I’M AS MAD AS HELL, AND I’M NOT GOING TO TAKE THIS ANYMORE!”

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Not come across this online magazine before, but clearly not afraid to tell it like it is!

http://www.neonnettle.com/features/89-co-op-the-truth-about-economic-recovery

I like the Vimto analogy at the end to explain the smoke and mirrors trick of QE, however it may be lost on most people because they just said fill the larger glass to the top, not fill it to the top with water.

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.....taking on more debt pushes a recovery......banks fail when the debt interest is not collected and bank capital is given away.....we either start spending and borrowing more or we encourage more people to come in to help to do this.......strength and recovery in numbers who borrow and spend with rolling debt. ;)

Edited by winkie

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http://news.sky.com/...-spending-falls

"Economy Fragile As High Street Spending Falls

While shops continue to experience drops in sales, online figures shot up in part due to the late timing of Easter"

The figures come a few days after economic forecasters EY Stupid Club predicted consumer spending will lead the recovery in 2014.

laugh.gif

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The figures come a few days after economic forecasters EY Stupid Club predicted consumer spending will lead the recovery in 2014.

laugh.gif

Would that be the recovery back to affordability ? tongue.gif

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