Paul Smalera thinks we need to change our perspective on the current economic troubles.
It might sound like mere semantics, but granted hindsight, the "lost decade" already happened: It was the "last decade." Yet we talk as if we're on the cusp of the precipice, not over it.
Job creation over the past decade has mostly occurred in the service industries that catered to our consumption driven economy, not in the creation or rebirth of any major industry. That's what makes this a lost decade—and makes an accurate name important. Nearly every institution the average American leans on to build equity and wealth has already evaporated. Prevention is no longer possible.
By nearly every measure then—stocks, mortgages, credit, retirement, salaries, employment, GDP, trade—we have just lived the lost decade.
Subscribe to:
Post Comments (Atom)
1 comment:
Really trustworthy blog. Please keep updating with great posts like this one. I have booked marked your site and am about to email it to a few friends of mine that I know would enjoy reading
Sesli sohbet Sesli chat
Seslisohbet Seslichat
Sesli sohbet siteleri Sesli chat siteleri
Sesli Chat
Sohbet Sesli siteler
Sohbet siteleri Chat siteleri
Sohbet merkezi chat merkezi
Sesli merkezi sesli Sohbet merkezi
Sesli chat merkezi Sohbetmerkezi
Sesli Sohbet Sesli Chat
SesliSohbet Sesli chat siteleri
Sesli sohbet siteleri SesliChat
Sesli Sesli siteler
Seslimuhabbet sesli muhabbet
sesli sohbet sesli chat siteleri
sesli sohbet siteleri sesli chat
seslisohbet seslichat
seslikent sesli kent
sesli sohbet sesli sohbet siteleri
sesli chat sesli chat siteleri
seslisohbet seslichat
Post a Comment