A slow moving virus in the system
Observation, drafted Aug. 23, 2007
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After having witnessed the recent 300-point turn around in the Dow Jones Index, and after having lived through
the albeit modest recovery of the stock market in the last couple of days, one could be tempted to believe that
the worst of the credit crunch is over. For too much does it appear as if trust has been restore, that one could
now presume that it can be lost again.
To those however, who accept that a recession has been avoided now, we would like to say, that they should not
be too keen on storing the alarm bells away. For too much does it seem as if the economic unwinding this time is
protracted on and off decline, that one could now presume that it is over now.
No, anyone who has his senses still together, will have to remember, that even in mid-July it appeared as if the
credit crunch were contained. And so he won’t be able to believe that the worst in deed has passed us now. For
too much would he in this case deny its previous appearance mode that he could now still maintain to have
adequately studied it.
No, no, if we do not want to fool ourselves, we have to assume that the interdependency that is fuelling the world
wide growth, will also be prevalent in its stalling. And so we can no longer wait for one big bang to bring the
system to a halt. For too much would we in this case neglect its mainframe pattern that we could now still hope to
appropriately develop it.
Given therefore, that the next recession will probably introduce itself in a distributed manner, we urge our reader
to not discard its early warning signs. For too much would he in this case underestimate its creeping strength,
that he could now still trust, to comfortably manage it.
Observation, drafted Aug. 23, 2007
-----------------------------------------------------
After having witnessed the recent 300-point turn around in the Dow Jones Index, and after having lived through
the albeit modest recovery of the stock market in the last couple of days, one could be tempted to believe that
the worst of the credit crunch is over. For too much does it appear as if trust has been restore, that one could
now presume that it can be lost again.
To those however, who accept that a recession has been avoided now, we would like to say, that they should not
be too keen on storing the alarm bells away. For too much does it seem as if the economic unwinding this time is
protracted on and off decline, that one could now presume that it is over now.
No, anyone who has his senses still together, will have to remember, that even in mid-July it appeared as if the
credit crunch were contained. And so he won’t be able to believe that the worst in deed has passed us now. For
too much would he in this case deny its previous appearance mode that he could now still maintain to have
adequately studied it.
No, no, if we do not want to fool ourselves, we have to assume that the interdependency that is fuelling the world
wide growth, will also be prevalent in its stalling. And so we can no longer wait for one big bang to bring the
system to a halt. For too much would we in this case neglect its mainframe pattern that we could now still hope to
appropriately develop it.
Given therefore, that the next recession will probably introduce itself in a distributed manner, we urge our reader
to not discard its early warning signs. For too much would he in this case underestimate its creeping strength,
that he could now still trust, to comfortably manage it.
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