2008-10-26

Down on the upside

A few random thoughts have been appearing in my head recently (probably due to all the painkillers I've been taking for the tonsillitis that has laid me low for the past few days). Some have turned into articles.

But here's a short one.

The economy is currently on a downslope, to put it mildly. America is going down, and so is the rest of the world. It's tempting at this point to view the frailties of non-American economies as they downward go.

But that's not where strength lies. In an open economy, strength will be shown on how the nations recover from this crash.

I'm pretty impressed with the Eurozone. They didn't create this crash - America did. But the Eurozone is getting sucked down into the whirlpool as well. Surely that shows how much Europe, well, sucked?

Not really. We'll see how much non-US economies don't suck not by their ability to be sucked into the whirlpool but by their ability to regain balance after the whirlpool stops. Methinks that the US will remain covered with silt while Europe and Australia and Japan begin to float on the surface.

Any more metaphors you want me to use?

Here's the reason for the picture.


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