When will our politicians wake up to the crisis?
Sunday 09 December 2012
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EmailWell said Rory MacKinnon (M Star November 24-25). When are the politicians, pundits and in-house economists going to admit what the rest of us know?
We are in what is at least the biggest depression since the 1930s. How many times does the world economy have to look like it's recovering, only to slump again, before it sinks in that these are just blips in a larger economic trough?
Will we be told of a "quadruple dip recession" before the dawn breaks through yonder window?
We are now five years into a depression that began with the so-called "credit crunch" of 2007, and which will most likely continue for the rest of the present decade.
It is sobering to recall what followed the 1930s. This is something for which we must prepare.
Brian Precious
London E17
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