It wont be as extreme as the Great Depression. But it will be worse than the 70s downturn, and I think it will be worse than what Japan saw from 1990 to 2003. Maybe well see unemployment at 15 percent, give or take. The worst part of it is youre going to see deflationary trends in prices from a shrinking work force. Deflation is the enemy of asset prices.
http://www.wired.com/news/technology/0,70034-0.html?tw=wn_tophead_11
Popular Posts
-
I've learned a great many things over the past month... "friends" at work are not neccessarily friends, people you thought wer...
-
Brad Dalton is the first to admit his theory is far-fetched: that bacteria could account for odd light emissions, as well as the reddish hue...
-
Lots of funny stuff today. Tim, check this one. http://www.penny-arcade.com/view.php3
-
In a mine in California, scientists found the smallest bacteria so far discovered -- living in conditions as acidic as battery acid. Why thi...
-
Some good stuff from a Canadian futurist: - The rising power of the knowledge worker - Continuous training replaces job security; respect is...
-
Very dry, dull book with some basic financial info like ROI and cash flow. Not a lot here.
-
I had the pleasure to attend the IBM Think conference in wet and chilly San Fran from Feb 11-14th of this year. The event overall was ...
-
The probes findings have provided a few salient new notions about the nature of cosmic reality. For starters, the universe is 13.7 billion y...
-
Good acting, great writing, but ultimately falls flat due to it's inner pretentiousness and consequence-free portrayal of teen pregnancy...
-
Want to know what the definition of sweet is? Maya went to the dentist today, got a needle, and got a filling for 45 minutes. They gave her ...
