A lost decade

Editorial note: If you have not yet read our mission statement above, please do so in order that you can put our blogs in context. 

4 October 2012

The current global economic crisis, which began when the  sub-prime mortgage bubble burst in the US in 2008, is likely to last until 2018, according to IMF chief economist Olivier Blanchard.

Interviewed yesterday 3 October by online Hungarian economics magazine “Portfolio.hu”, Blanchard said: “It’s not yet a lost decade…but it will surely take at least a decade from the beginning of the crisis for the world economy to get back to decent shape.”


Antigone1984: So only six more years to go! What a relief! Thank goodness for capitalism! Where would we be without it? In any case, there is no alternative…..Or…um…maybe there is. But you won’t find it referred to in the media. There are some subjects that the free press just won’t raise. Too risky. Why the status quo might be threatened. And we don’t want that, do we? It is no job of the free press to question the status quo. At least that’s something we can all agree on.


  You might perhaps care to view some of our earlier posts.  For instance:

1. Why? or How? That is the question(3 Jan 2012)

2. Partitocracy v. Democracy (20 July 2012)

3. The shoddiest possible goods at the highest possible prices(2 Feb 2012)

4. Capitalism in practice  (4 July 2012)

5.Ladder  (21 June 2012)

 6. A tale of two cities (1)  (6 June 2012)

 7. A tale of two cities (2)  (7 June 2012)

 8. Where’s the beef? Ontology and tinned meat(31 Jan 2012)

Every so often we shall change this sample of previously published posts.




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