Nope, this is not a depression…

… unless you happen to be one of the newly poor or homeless. Once middle-class, now on the streets. wow.

I read this article on Bloomberg today (article here) about the newly poor overwhelming social safety nets in Contra Costa Country. For those not familiar with the SF Bay area, this is ‘the burbs’ (east of San Francisco across the Bay Bridge.) Only now, things are getting very difficult for many.

How quickly our world has changed. How much more change is yet to come?

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2 thoughts on “Nope, this is not a depression…

  1. I knew a martial arts instructor that said, “If you get in a fight, it means you already made serious mistakes. The goal once that happens is to survive and limit your losses.”

    Interesting perspective Tom, your points on regulatory capture seem prescient at this time.

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