Does the Economic Downtown Need another World War?
By Phin Upham
When it comes to examining the world of investing from a global perspective, it helps to take a step back from the details. It’s important to view the market through several lenses, not only to see the bigger picture but also to see what other people might not notice.
The seriousness of the global economic climate and the structural dependency on globalization might just mean that things will not get any better until a few serious and possibly horrible changes are made. World War II was responsible for ending The Great Depression – it’s true that FDR did not revive the US but that it was brought back to life by the war. World War II required plenty of resources, from nearly every factory to every person in the country, including many women. The entire war effort fueled the economy. If The Great Depression was lifted by a world war, could our downturn benefit from one, too?