“The Other Jim R.” sent us this: Goldman Sachs sees recession in 2008. Since this recession was triggered by a global credit collapse rather than just a typical market cycle swing, the recession could be deep and long. (There is even the outside chance of it worsening into a full blown depression.) The nascent recession will also doubtless make the post-Housing Bubble period much longer and deeper. Be ready.
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Thanks to WW for spotting this article: Shortwave infrared: Next-generation night vision
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Steve in Pennsylvania flagged this BBC story: South Asia Hit With Food shortages. Steve’s comment: “Looks like you beat mainstream media to the punch by about two weeks.”
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Nathan M. recommend this 1-1/2 hour documentary on Google Video: Maxed Out. It does a great job of illustrating the huge whole that American consumers have dug for themselves.