Tuesday, May 19, 2009

The End Game?

Clearly, I haven't been to most prolific of bloggers in the past year or so.  This is particularly distressing since there is so much for us to discuss!  I mean, really how often does one get to blog an ongoing economic crisis, a new president, the ridiculous torture controversy (raised by a few limp wristed blokes who don't know what it takes to win against an enemy that targets civilians as their core strategy.  Just sayin'..) and my ongoing fabulous culinary excursions.

So kind of a drag really.  

Today though I here to do you a favor.


No, seriously go back and click on that link right now.  This is important.

We are currently in the midst of an epochal moment and a guy named "Woody" has nailed it.

From his conclusion:

"This essay began with a demonstration of the all-important role of the evolution of a nation's Debt-to-GDP ratio. The direction of this evolution is a good proxy for the future success or failure of the nation. We argued that a one-time shock (like today's US recession) that drives the initial Debt ratio way up does not pose the problem most people assume. Long run recovery is possible, but only if policies are adopted that drive the growth rate of the numerator down, that of the denominator up, and thus that of the ratio down."

Seriously nailed it. 

If you're interested in more, here is his site.


31 comments:

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    Send me an email so we can continue the conversation. Wally

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