Carol H Tucker Passionate about knowledge management and organizational development, expert in loan servicing, virtual world denizen and community facilitator, and a DISNEY fan
Contact Me Subscribe to this blog
beladona Memorial Be warned:in this very rich environment where you can immerse yourself so completely, your emotions will become engaged -- and not everyone is cognizant of that. Among the many excellent features of SL, there is no auto-return on hearts, so be wary of where your's wanders...
There are two observations that I have made since the beginning of the current economic turmoil.
The first was that it was going to be a two-prong whammy -- drop then recovery then drop again. I based that on what I saw happen back in 1989 when the real estate values fell dramatically and the tech stocks plummetted. About 18 months later, the small businesses could no longer stay afloat using personal credit, credit cards and trade payables and started to fold....
The second is that we cannot save our way out of a depression. Herbet Hoover did everything the Tea Party suggested, trying to preserve the wealthy. It didn't work then and it is not going to work now. IMNSHO, a robust middle class is necessary for prosperity and it is that middle class that is being currently squeezed out of existance
CEOExpress
