Have we all gone mad?

Those of us that can will have to re-start our economic engine and rebuild the wealth; but as long as we collectively believe that we are doomed, we will indeed live out a self-fulfilling prophecy…the sooner that we can focus on staking out the next frontier the faster we are going to get out of this.

The other day I learned a new phrase that was not part of my economics professor’s vocabulary: “the cascading economic downward spiral.”

What a profound way to describe our current economic condition. I leave it to your own imagination what exactly the term is trying to describe.

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