Don’t let the headlines fool you. Even here in London. (E.g., Aug. 17, London Free Press)
Right now we may be slowly recovering from the superior or excessive GDP growth of the past, some of it spurred by WWII industrialization.
Right now we may be recovering from excessively high housing and consumer spending and years of indebtedness to wealthy banks and corporations.
Right now more and more people may be ‘rethinking contracts’, and are reducing spending, paying down debt, saving for tough times and looking for a wee house or apartment near a bus route.
Some sort of economic recovery is certain. Perhaps an upside down one.
[Photos by G.Harrison]
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