tomorrow

It has become something like a homework thing to read the various articles on Wall Street Journal and NY Times before I goto bed. And sometimes an article will come up and you'd be so annoyed that some people just don't get it.

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First of all this is not a recession, this is a depression. There are thousands of ways to technically define a depression but the truth is if you have a million dollars in hand right now chances are you do not dare to put it in long term investments such as the housing market, or short term such as stocks, and let me guess you probably wouldn't want to put it in oil or even gold, let alone starting a new industrial company that does green technology. Some people will buy government bonds, some people will test their luck in the stock market but nothing too dramatic. The thing is, if no one is investing the way for tomorrow, there won't be a bright one. Trust me, this is a depression.

Second of all, 14 more months? Are you fucking kidding me? A monetary speculation of some Asian country lasts 14 months, a small political unrest lasts 14 months, a financial crisis caused by global credit crunch does not last 14 months, it will have the impact that will last for a century, like the last Depression did, and we will experience the major impact of it in the five to ten years to come, at least. 14 months? By then the governments would be running out of means and reserves to save their economies, that would be the time when the depression actually STARTs. So hold your breath CFOs, whatever that means.

p.s. just because the economy is in deep trouble doesn't mean that we should be too, troubles means reshuffling of world order, we should actually benefit from this whole turmoil, if we are not too stupid. Look at it this way, no good positions in any companies would have been available if the people in them are not fired, right?