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The Great Reset
Old 09-12-2010, 02:45 PM   #1
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The Great Reset

Saw this article in our local paper (Denver Post) in the Perspective section, not the business section. However, I thought that this was a great take on the current economy and the near to long term outlook.

The link to article is here: From the Great Recession to the Great Reset - The Denver Post
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Old 09-12-2010, 03:30 PM   #2
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Not bad for a basic overview of the current landscape.
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Old 09-12-2010, 03:37 PM   #3
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Quote:
Originally Posted by Charlie_Boy View Post
Saw this article in our local paper (Denver Post) in the Perspective section, not the business section. However, I thought that this was a great take on the current economy and the near to long term outlook.

The link to article is here: From the Great Recession to the Great Reset - The Denver Post
Similar articles were written after the 2000 bubble and 9/11 attack.

After the stock market takes off again we will be reading stories about people buying homes again and going into debt.

This isn't a 1930s depression event although we have not hit bottom yet.
So expect some stories in the future about:
families living in shelters & streets
people living in cars
working parent working far away from family
ex-high paid executive working for minimum wage
comparisons with the depression
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Old 09-12-2010, 03:46 PM   #4
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Henry Dubroff is a writer and entrepreneur. John J. Huggins is chief operating officer of a solar energy company based in Boulder.
Not sure what these two have for economics chops, but this was an interesting point:
Quote:
A recent article in The Economist suggests the U.S. structural unemployment rate could be 6 percent to 6.75 percent, compared to the 4 percent to 5 percent before the crash of 2008. That is the logical result of a workforce that's much less mobile and whose skills are less transferable. A less mobile workforce is the second dimension of the Great Reset.
The editorial article was a great read until the last couple paragraphs turned into a political polemic...
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