Two wow’s from the NY Times
Wow one: The NY Times reported bankers using the D word. Depression.
Wow two: The NY Times is now blogging about frugality.
Wow one: On September 12 the NY Times used the “D” word. Depression. Not downturn. Not recession. Not banking crisis. Depression. They reported that:
Top central bankers and bank regulators agreed Sunday in Basel, Switzerland, on far-reaching new rules for the global banking industry that are designed to avert future financial disasters…of the kind that nearly plunged the world into depression in late 2008 depression.
Political leaders have been wary of the D word, not wanting to panic people. Now they can use it because our heroic politicians “averted” it. Hmmm. Really?
Wow two: The NYTimes has gotten into the frugality business. I hope this blog http://bucks.blogs.nytimes.com/ will be a reliable source for those kinds of daily financial decisions that bedevil us.
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