Monday, October 20, 2008

Eloquent inevitability

The coming of fall has added to the heavy air of inevitability that the impending recession has given me. I'm not entirely dejected by it, but I don't think it's going to be as bad as everyone says. It's simply a cycle - as Robert Samuelson eloquently stated this morning, "the genesis of the next recovery usually lies in the ruins of the last recession."

We'll get through this.

1 comment:

Sherman said...

Yeah, but what can we do to get through it? In America, at least, we've never gotten through recession without a change in economic policy. Whether necessary or not, Americans have never been content to wait it out.

So what is the new market seeds we will see being planted in this market's ruins?