As in Recession ....or even Great Recession? Or how about a Depression or even another Great Depression?
Can't happen you might say. But maybe, just maybe...
Yesterday, the DOW was down over a thousand points and today it again came too close to that significant number - so nearly 2,000 points down in but 2 days. What will tomorrow or the day after bring?
It has been but 10 years since the world experienced the Great Recession - 2007/08 and some 90 years since the Great Depression and folks I can tell you things on the ground today - as we head into a new decade - look similarly bleak.
The immediate cause for this week's down-draft is the spreading of the Coronavirus. Whole countries are shutting down and with them - economic activity is coming to a halt. It just shows how vulnerable commerce is to outside influences in this modern, mobile age.
But there are other perhaps less serious causes for the economic retraction but all still substantial - take Donald Trump's irresponsible policies of trade war and devastating tariffs. They hurt the USA as much as they hurt other countries. Even the 'White House' came out recently to say that its President had been mistaken in these regards.
And then you have the Climate disasters that abound through-out the world - forest fires, floods, earthquakes, hurricanes and twisters. They do not just damage infrastructure - they destroy it for years on end. Revelations makes good suggested reading.
Add to this - war and strife that too inundates world affairs. The economy takes second-fiddle to trying to protect life and limb.
Finally, to insult to injury is the progressives' move to everything Green. It is expensive, inefficient and takes away from serious economic activity. Our Prime Minister - Justin Trudeau is a prophet when it comes to this nonsense and if you do not have the misfortune of living under his delusional leadership - you are indeed most fortunate. But many other countries have also drunk the kool-aid.
And thanks to our flakey Prime Minister, we in Canada have the unique problem of our natives deliberately trying to bring our commerce to a halt - via rail, road and bridge stoppages. All that our natives want is for the 'white man' to turn over the lands they stole... back to the Indian. Simple as that and - dear reader - the natives have an ally in Justin.
So the question becomes not Why Are The World Economies Faltering - but, Why Did It Take So Long? ... When the World is going to Hell in a Hand-basket.
As I See It...
K.D. Bell
