Comments on: Writing history – the Panic of 2008 http://blogs.reuters.com/great-debate/2009/06/22/writing-history-the-panic-of-2008/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Anubis http://blogs.reuters.com/great-debate/2009/06/22/writing-history-the-panic-of-2008/#comment-17285 Wed, 24 Jun 2009 16:26:19 +0000 http://blogs.reuters.com/great-debate/?p=4141#comment-17285 Hey Dan, I feel ya! I’m glad I won’t be around should such a mess come to pass.

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By: Dan http://blogs.reuters.com/great-debate/2009/06/22/writing-history-the-panic-of-2008/#comment-17266 Wed, 24 Jun 2009 07:56:20 +0000 http://blogs.reuters.com/great-debate/?p=4141#comment-17266 Rationing, my foot.

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By: Anubis http://blogs.reuters.com/great-debate/2009/06/22/writing-history-the-panic-of-2008/#comment-17243 Tue, 23 Jun 2009 15:53:47 +0000 http://blogs.reuters.com/great-debate/?p=4141#comment-17243 The crisis is not over yet. The U.S. may be experiencing a bear market rally. The next two months will tell.

Using previous economic downturns to better understand this one is prudent. However I find it doubtful that the economy will rebound on the same old path. In part I believe this is due to the unprecedented environmental challenges civilization faces. Moreover China and India seek to attain a western lifestyle for their people. Most nations wish to raise their standard of living to the level of western societies. These are opposing interests.

Ultimately public clamor to address climate change and increasing demand for finite resources will add to inflationary pressures certain to follow the massive borrowing by governments. Austerity, rationing and government directed investment on a global scale may prove necessary to achieve these goals.

Perhaps it is time we take a good look at economic policies from 1939 thru 1945 and pay less attention to the New Deal. I believe we discover a better approach to restoring economic health and building a middle class.

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