Tag: Depression

Doom: Into the depths of a Depression

The writing on the wall was easy to see, but it is still nevertheless difficult to fathom. This corona virus CoVid-19 has walloped our health and our economy, and now that it is out in the wild, there’s little we can do to prevent further damage. We are in for a terribly rocky ride.

Going on 7 months now, the lockdown we had to endure has decimated our economy. There was a virtual standstill of life. Wide swaths of the economy have ground to a halt, destroying companies in its wake.

Doom and Gloom, and a Decade of Depression

I found the article Why Our Economy May Be Headed for a Decade of Depression very enlightening on trying to explain the current buoyant stock market vs so much job loss, as well as shedding some light into the future of this pandemic. This is an interview with Nouriel Roubini, “Dr. Doom”, and another article Ten reasons why a ‘Greater Depression’ for the 2020s is inevitable. Dr Nouriel Roubini is a professor of economics at New York University’s Stern School of Business.

Joblessness and a Generational Divide

To be close in thinking to oldsters that have lived through the Depression is uncommon. Yet I see this happening today. Youth and the tail end of the Baby Boomers cannot find work, yet the Baby Boomers are still hammering the youth saying that if you persevere and work hard you will get that job. It is not so easy when you are down. Clarity from this article In tough economic times, personal drive goes only so far does help identify the problem though.