I have an unusual relationship with the current economic situation.
Back when it began I was spending 8 hours a day supervising high school students in an In-School Suspension room.
We ran a pretty tight ship which also gave me lots of time to read. I read a ton of good religious stuff (more of Spurgeon’s sermons than I can count), church history, etc..
But I also got to do some other reading as well. Namely, the Wall Street Journal. For whatever reason, the school got a pile of these everyday, and I think I was the only person who took one.
Now, you’re probably thinking that the WSJ is probably the most boring paper in the world. And I would completely agree with you. It’s kind of like a bad TV show. You watch the first episode and it seems like the worst thing you’ve ever seen. But then your friend gets you to watch a few more, and pretty soon you’re hooked.
So, as the recession was beginning I was reading hundreds of articles about companies and global economic variables that I never knew existed.
As a result of my daily reading I got to see this thing unfold in a rather detailed fashion. I also got to see everyone underestimate just how bad things were time and time again.
Anyway, I just read this article from the LA Times on Friday.
If you don’t know much about the economic situation, but would like to know a little more, you should consider reading this. It’s does a good job of breaking things down in simple terms and it also gives you some very important numbers that you can use to gauge things in the months to come.
Whereas many have underestimated the depth of our problems, I think this article does a pretty good job with things.
