A severe economic contraction…ouch.
I get it. Everything and everybody (except the super rich) are pulling in, in a muscular inward strain, painful and intense.
As an owner of a small business, I understand the pain.
Twenty people depend on me for salary.
If I remember my Lamaze training of long long ago, one of the rewards for all of those contractions was a baby.
Bernanke tells us the baby won’t be coming for at least a year. Whew. Can we make it?
Sure we can.
We have no other viable choice.
In this agonizing gestation, while we wait for the baby, we will become more creative, more fiscally responsible.
Children will learn about the principles of economics.
Their parents might even establish the 3-jar method of saving:
One for immediate gratification.
One for long-term survival.
One for charity.
What a concept.
Watercolor by Ted Harpainter The Alviso Slough