The futures market are unhappy with no solution to the global debt crisis being proposed over the weekend.
Politicians worldwide need to come to one realization. We probably won't be able to grow our way out of this crisis like we have done in the past. Actually, all humans need to come to that realization. We live on a finite planet with finite living space, with finite resources. We can probably grow a little more, but the mega growth spurts of the past are over. We now have to make difficult choices, and make policies that doesn't include large growth potential in the future.
We now live in a different world than the past. Our thinking on how to live on this small planet must also be different.
Charles
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