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America's Frozen Economy: Consumer confidence poorest since 1946!!!

This is a really scary story but I need to also hear from people who are doing something worthwhile to make it better.

Be it Obama or McCain, this one is the toughest to crack an probably the one that may make any U.S president hero, if he got the balls to take the U.S economy and future towards the intended and desired future.

Anyways here's the BusinessWeek's article:

The economic crisis has been triggered by what economists call "structural shifts" in the global supply and demand for commodities, coupled with the meltdown in the mortgage markets and the ensuing credit squeeze. But this crisis is now moving into a whole new gear, creating a new set of economic conditions that have yet to be named. Call it "the frozen economy."

As pain reaches deep into the daily lives of ordinary Americans—irrespective of their creditworthiness—it will trigger unforeseen consequences for every corner of the marketplace. Nearly two-thirds of Americans already say they are cutting back on nonessentials, according to a new survey by Information Resources. But what's nonessential? Heat? Asthma medication? Shoes for your kids? A new yoga mat? At the same time, 57% of Americans interviewed last month by the Survey of Consumer Confidence reported that their financial situation had worsened—the poorest response since 1946, when the survey began. More than two-thirds of gross domestic product depends on consumer spending. But when the grass roots are frozen, nothing can grow.

The statistics tell a dramatic story, but people tell it better. So I went to Moody's Diner to listen.

So do you know what this means? This means that the natural progression of prosperity cycle may have to be disrupted (not by invoking a war which seems to be the easiest choice to many nations but by pushing innovation across all segments to combat the forces that are pressing hard against the global economy) in order to regain the position or else we are looking at some dismal decades up ahead. I guess it is also time to start writing about my "Novo Global Economy : The Regulated Jar'ing". Here's a copy of the sketch I drew while on my vacation in France. The detailed article will follow soon.

Global Economy: The Unregulated Unjar'ing



Novo Global Economy : The Regulated Jar'ing




Nevertheless, this discussion is drawing a lot of attention. The citizens are talking now, the word is on the street and is hitting the regular Joe. We have to do something about it.

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A Collection of Threnodies : Part 1

Whale Fall
-----------------

Dress me up in my new threads
clasp my greasy palms
grease my hair
I'm ready for the fall


Watch at all the decadence
watching the avalanche
I'm slipping down
losing my buoyancy


What's become of us
where have we come
this far, this close
close to the doors


I hear them, sublimal chants
I'm on the run
I race through the human sea
I am the king!


I'm the slave
to my own undoings
I'm the jester in my courtyard
We jest as we run


We're strolling on that thin rope
we grope as we rope
we're true heros
we're the survivors


we're the scavengers
we're the friends
we're the lovers
we're the unbred


Soon awaiting the fall
we're lurking on us
we're osedaxing us
we're soon going to be done
we'll soon be arrested




*osedax(bone devourer, newly discovered marine genus) feeds on a fallen(sunken) whale carcass(which is also called a whale fall). Read more here