Into the Woods

Nouriel Roubini, top of the honor roll

Some of you may have noticed that I have deleted all my old posts about the economy and the politics thereof. My intent was to draw attention to an inevitable train wreck that independent observers could see clearly months and years in advance, but which partisan sources (and the mainstream media) denied or ignored. No one denies it now, so I am backing off on this subject. I have little to add, except maybe about the importance of making ready, according to your own individual circumstances, to get through the hard times ahead. Now is the time for getting to know our neighbors, and cooperating with them, rather than arguing with them.

If you’re interested in independent, nonpartisan sources of information on the economy, check out this article. My primary source of economic analysis for the last two years has been Nouriel Roubini. Roubini used to be scorned as ridiculously pessimistic. Now the media are all over him, because he foresaw it all and explained it in tedious, academic detail.

This raises the question, how can you tell when someone is doing their best to tell you the truth vs. when someone is telling you what they want you to believe? I’m afraid that’s a trick question. We’re all on our own.