I am optimistic but
attend to the facts
I think we live in oddly optimistic times, but only if we attend to the facts. Financial facts can be hard to come by and its very difficult to find the whole picture laid out in one place.
The Huff has a summary of the financial crisis in April 2010
- our total national debt as you and I understand it – what we owe not just what the government owes
- how much is underpinned by China
- what China wants done and what IMF is doing RIGHT NOW
The Huff’s general message is tighten your seat belts. The critical ideas seem to be
- Debt repayments due in April 2010
- Chinese/IMF proposal to introduce SDR’s – in short an international reserve currency which allows countries with surpluses to hedge their bets across countries looking for bailouts (us)
- Where (and to whom) our money has gone (we really should get back what is left)
- A crisis due in the next month or so (hang on to your seats)
- Poets advice for surviving the financial crisis
- You, me and the woes of General Motors
- The tsunami follows the financial crisis. Leave the beach. Walk. Don’t look back
- Are we done ‘bargaining’ about the financial crisis? I wish, but I don’t think so.
- Sing and dance to the music of the recession!
- See the financial crisis as a chess game with 4 pieces
- No light at the end of the financial crisis tunnel?
- 3 steps for citizen leadership during the financial crisis
- Denial, anger, depression, bargaining, adjustment: put the banking crisis behind us
- The art of sailing in rough financial waters