Monthly Archives: April 2010

Are We There Yet?

Is this it? The end? Of the bad times? Of the recession and all it’s many manifestations? Or did the recession end quite some time ago? Or are we simply poised, ever so fragile, between more severe peaks – make that troughs – to come?

worldrecession

I don’t know about you, but I’m confused. And also just a bit (well, maybe more than a bit) irritated. If economic indicators and official numbers are so good, if consumer spending is increasing and unemployment is slowing (and those are good things, right?), why do I see such widespread economic worry, depression about the depression, and a sense that each new “surprise” on the financial front is not really a surprise at all? Why do I know so many families struggling with how much they can afford? With how to plan for the future while living in the present responsibly? With how to teach their kids to be prudent without worrying them?

Why am I so bothered by the exhortations to both spend in order to save the economy and save in order to be responsible citizens? Is Greece ok now, or just ok for now? How much was indeed known by whom – and when – on Wall Street? Business as usual or something sinister and illegal? Something barely legal that shouldn’t have been? And what’s the difference between shorting as a responsible way to hedge bets and make profits – the all-American way – and just plain old bad greed?

What’s the difference between a good story and the real story? I’d sure like to think I’m getting closer to, rather than farther from, the answers…

Copyright © 2010 Marlin S. Potash. All rights reserved.