A few weeks ago I posted a poll asking if the economics is in a healthy state:
Is the Economics going uphill or downhill?
No - Down (44%)
Yes - Up (23%)
Ask me in 6 months… (22%)
I don’t know (12%)
None of the above—I post a comment (0%)
Total Votes: 78
This poll is closed
Today, German and other news reports that the stock markets in Europe
plummet. In Germany it’s the worst day since 9/11
. Another Black Monday
? I think we can all be happy that the US markets are closed in observation of Martin Luther King Day
. The German Kanzleramt (that’s like the White House) says this is just a temporary market issue, nothing to worry about.
Doesn’t that just sound way too familiar?
Can we trust that those advisors in the White House or anywhere else that didn’t see any signs of a recession
or even any economic downturn even a few days ago are now able to turn the wheel and get the country out of this deadly loop? I have my doubts.
Besides that, when a single person gets $800.00 and a family get’s $1,600.00 than politics proves once again that those families with more than two family members are screwed again. After all, big families consume more - just by their size, right?
I do not know about you, but for me those are true signs of a recession and a world economics that needs help to become healthy again.
Where is a leader when economics need one?
Tags: asia black monday doubts economic downturn europe family members few days germany kanzleramt king martin luther luther king martin martin luther king martin luther king day news reports observation poll recession stock markets true signs white house world economics
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