Right wing corporate interests have won the day in america due to a manufactured debt crisis and extension of the debt ceiling.
Not to get to technical...the recent win lessens government especially social program government.
The stock market being no real entity but a thing that shows perception rightly fell 250 plus point yesterday and some more today.
While this is short term.. as the market always is... it speaks to the issue...less government fewer jobs and lesser GDP.
So straight to another recession american is now headed.
And the corporate program will not stop there. The next goal when this recession arises(as it will) is to use the recession as a reason to furthur lower taxes and thusly then lower social programs again. Social security and medicare are the programs that enable americans to spend more than they make.
So those next things to be targeted the american consumer will become more like the chinese consumer and save more and spend less on credit(china has no social security and little basic only health care).
Since 70% of the US economy GDP is related to internal consumer consumption....that will lead when it is implemented to stagnation and eventual depression.
So welcome to the next great depression folks...it be round the corner. A bit of time for this to work through but it should be on its way if things work as planned by midterm elections in 2014...
Yes...they are this dim...in love with their ideology of small government they will see their profits in america decline, and they the corporations.... will by focus relocate to places like Chine who are planning to institue social security to inspire domestic consumption..
So it goes on and on the world turns as they say.... a related link speaking to the immediate. The recession is not the depression. That depression happens when the right hits hard at social security and medicare and the perception becomes we must save to provide those things....which is a bit furthur down the road....http://finance.yahoo.com/news/US-Economy-Running-at-Stall-bloomberg-4050163722.html?x=0&sec=topStories&pos=4&asset=&ccode=
.. by my take around 2014. QE3 is next government response wise which may even buoy the market for a bit but it will be quite temporary.
It is necessary to be aware of things economic as buddhist. As economy by far is major governmental mover in things like acts of destruction of environment and peoples....So compassionately intended we must study these things.
"This order considers that progress can be achieved more rapidly during a single month of self-transformation through terrifying conditions in rough terrain and in "the abode of harmful forces" than through meditating for a period of three years in towns and monasteries"....Takpo Tashi Namgyal.