Friday, February 20, 2009


Long day, late night. Another dismal day in the stock market too. Basically all the gains over the past decade have been wiped out. Poor retirees that were relying upon there gamble in the equities markets. And quite unfortunate for people like me that had someday hoped to move into the jobs that they would vacate had they been able to retire on time. Add to that the massive offshoring of jobs to the emerging markets and you have a nice recipe of an economy that will be flat for quite some time.

Maybe someday we will realize that perpetual growth of the GDP may not be the best measurement of fulfillment or happiness. Things like natural disaster, sickness, litigation, tuition increases, etc. all indicate strength in out country (and others) Is this really the best measurement of 'progress'? I think not.

No comments: