Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Part of this goes back to the education gap in unemployment ...

... which goes back to the Florida fantasy I refer to in my last Sunday Train and the fantasy that "the new Knowledge Economy" as presently constituted in the United States is actually enough in its own right to base the economy on.

Things are not so bad for the chattering classes yet, except for those of use right on the front line of trying to build the learning skills of that "no college" cohort so they can find a way to keep their heads above water in this brutal job market.

And since its "someone else who we don't know" who are experiencing conditions over halfway to the depth of the Great Depression, and worse than the temporary respite just before the Roosevelt Recession during the Great Depression ... its not something that the chattering classes feels in its gut ...

... yet.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Tue Aug 17th, 2010 at 03:49:54 PM EST
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