'As you know, the world is urgently trying to make sense of our "global economy" and its arcane trends.
As financial temples teeter, the priesthood is scrambling, to maintain our confidence in markets and banking.
After derivatives, quantitative easing, trade imbalances, recession, low GDP, nations close to collapsing and subprime loans, foreclosed homes and peoples' taxes spent to bail out too-big-to-fail triple-A banks again.
Fear levels rising as a US crash seems imminent, having smashed the debt ceiling of fourteen trillion.
Despite protests and clashes in Athens' streets the IMF imposed structurally unjust programs in Greece.
Where, in fact, the term "economy" entered our language from the Greek "oikonomia", meaning "household management".
Well, how are we managing? Theories abound, but in practice, does anyone actually know what the hell's even happening?'
Saturday, October 15, 2011
This sums it up nicely!
