The electorate is experiencing the greatest slump since 1929 like a bad dream that is half over and politicians don t want to wake them up.

Meanwhile, the US cannot expect much relief from exports, given the global economic slowdown, or from consumer spending.

Other advanced economies or emerging markets (the rest of the euro zone New Zealand, Iceland, Estonia, Latvia, and some Southeast European economies) are also nearing a recessionary hard landing.

Recent developments suggest that all G7 economies are already in recession or close to tipping into one.

Morals and the Meltdown

A Double Dip Recession for the US?

The American economy suffered a recession.

The recent downturn in France s industrial output has created large trade deficits, and is undermining the competitiveness of small and medium size enterprises.

Indeed, history suggests that severe recession and socialization of private losses often lead to an unsustainable build up of public debt.

Contractionary policies only exacerbate recession.

Indeed, demographically, Russia is undergoing a dramatic decline.

Every downturn comes to an end.

And then the model makes predictions down the road.

Tentu saja, tidak ada kondisi downturn yang wajar.

His popularity is waning.

The world s richest countries (the G7) turned to the emerging powers within the G20 to help coordinate a response to the global financial slowdown.

Of course, excuses are at hand the magnitude of the economic downturn was not anticipated and the increased expenditures to fight terrorism could not be foretold.

In the service sector, the decline is even worse than in manufacturing, because services are heavily regulated and partially closed to foreign competition.

Japan's decline has been palpable.

That may prevent the world economy from falling into recession.

Any recession would likely be short and limited.

But every downturn comes to an end.

This G7 recession will lead to a sharp growth slowdown in emerging markets and likely tip the overall global economy into a recession.

They must be allowed to decline or move inland (and eventually decline).

The Great Disconnect

Impossibly big.

Grand Canyon

Big Picture

It's big!

The market is big.

You are big.

Is it too big?

Tom is big.

Is Tom big?

Is Tom big?

The house was big.

The house is big.

The bear is big.

The world is big.

Is it big?

In the last 25 years, we have moved from a world dominated by two superpowers to one dominated by one, and now to a leaderless, multi polar world. While we may talk about the G 7, or G 8, or G 20, the more apt description is G 0.

While we may talk about the G 7, or G 8, or G 20, the more apt description is G 0.

An economic slowdown will exacerbate all our financial problems.

Could there be another decline in Argentina?

Deepening economic recession is bound to catalyze political change.