Economic Reader: Moon Festival Edition

Korea-Daeboreumnal-Full Moon Festival

Image via Wikipedia

We’re entering a new season, nearly three years after the beginnings of the worldwide recession. Government stimulus plans have not turned things around; in fact, they have added significantly to the debt without much to show for it. Will Europe get over their debt woes? Will China save us all? Where do we go from here?

Here are some interesting posts that I’ve read on these topics lately:

What are your thoughts on the state of the economy today?

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  1. says

    I see mixed signals going on actually. Overall, I think our country’s huge debt load is quite frightening. However, I also know people who have gotten jobs recently and some businesses seem to be spending a little more. Our economy just reacts and I feel like there is no control.

    By the way, I don’t think Europe will recover anytime soon, and who knows what will go on in China. In the 90s Japan was going to rule the world and now it is China. Maybe in 2020 it will be Brazil… (not really, just making a point.)

    • says

      Hi Kris,

      This is so true. Sometimes it’s funny just how easily we forget history. I’m not sure how things will look by 2020, but I suspect the world order will be a bit more different than it was from 2000 to 2010.

    • says

      China really is an enigma to me. So wonderful and productive in many ways, in other ways a seemingly capitalist haven with its special economic zones… but in other ways, it’s still quite repressive and corrupt.