Date: January 22nd, 2008- March 27th, 2008
This essay will be the first of many public comments I will begin to make on the economy and politics. Considering that I’ve been getting a lot of questions from classmates on how the economy is doing and what will happen, I figured it’d be best to just put it all in one massive note that would explain where we are, how we got here, and what will happen. I’ve chosen to start now because my previous predictions, which I kept pretty private beyond telling people that we’re not doing nearly as bad as people are assuming (or the media would like to tell you), have been proven correct for the most part.
A large part of the problem when most people discuss the economy is that they don’t set a time frame. It’s general knowledge that the economy is cyclical and that it has its ups and downs. Yet, when discussed, people fail to acknowledge this in their discussion. People are either too shortsighted (the most common problem) or too far sighted (those bloody optimists and pessimists who wait for things to get better or worse and can’t enjoy things as they occur). Frankly, over some amount of time, things will always be worse and better than they are now. Personally, I just like to sit back, be a realist, and take it all in from all perspectives, typically with a focus on what’s about to happen in our immediate future to six months. Still, I will address both the current situation, past occurrences that caused these problems, and both the near-term and distant futures. Continue reading ‘General Examination of 2007-2008 Economy’