Homestead mailing list

["Wendy" <crazygardens AT verizon.net>]

This economy as been on artificial life support for years.  What we have 
been seeing over the last 20 years or so is just the life being sucked out 
of what was, then math games being played with the remains to  pretend that 
there was still something there.  (think Wrathe followed by a Monty Python 
parrot shop skit)  I am so glad to see the game end.  Now we can finally 
start to rebuild our economy.  It is like an alcoholic who denies the 
addiction until he hits rock bottom.  A problem must be recognized before we 
can work on the solution.

You are right about a false recovery.  They will try to play a few more math 
games with the remains before rebuilding.  These "bailouts" are just a temp 
band-aid.

Wendy

>  I think by the end of 2009, people will think we are in a recovery, but 
> it will be a false recovery -- a trap.  I really believe we are looking at 
> five to eight years of severe economic struggle, after which, if we can 
> smarten up; the markets and our finances will be stronger than they have 
> been since the 1950's.  I also think that at least one war during that 
> time will help to re-invigorate our economy.
>
> Most of what I think will occur is based on systems that are not fair; but 
> that do reflect reality.
>
> I hope I am completely wrong and that the economy is back to normal in 2-3 
> years.  I prefer the optimist's guesses to my own.  But, I am trying to 
> prepare for either 
> scenario..................................................