the future has arrived

The commodity and emerging market booms
are breaking in unison, leaving no more bubbles
left to burst. Almost every corner of the world
is now being drawn into the vortex of debt deflation.

But it will not spare us a decade-long toil
of pitiful growth – or none at all –
as we purge debt. The world stole prosperity
from the future for year after year,
with the full collusion of governments,
regulators, and central banks.

Now the future has arrived.

— Ambrose Evans-Pritchard, Telegraph.co.uk: Do our rulers know enough to avoid a 1930s replay?

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Published in: on October 19, 2008 at 11:02 pm  Comments (4)  

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4 CommentsLeave a comment

  1. ha ha savannah ha ha from sarah

  2. “Game Recipes”

    Nauseating article
    Guardian established a newbie old fold
    venalty embracing all the trappings
    of so vile a tradition
    the blooding with the indecent
    sport of death and game
    Guardian is this what you are

    - dolceb

  3. I hope the future arrived is good for you …

  4. Greetings! How is your weekend?

    I am Blaga from Jingle Poetry : http://jinglepoetry.blogspot.com/

    You are invited to join us this Sunday for our Monday Poetry Potluck Week 19, we are open 8pm, American Central, will remain open for 72 hours, yet, you get better traffic when you link in early.

    if you fall short writing a theme related piece, feel free to share 1 to 3 old poems…Best Regards.

    You have a lovely blog, your poetry radiate and it is our greatest pleasure to have you being part of our growing community. Hope to see you in..sign in to follow our blog if you can!

    We value your support and would be more than happy to answer your questions and assist you with possible concerns…

    Best Wishes for your day.

    Week 19 Theme: Rules, regulations, and laws!


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