Saturday, 24 January 2009
Malthus and the credit crunch
Malthus famously recognised that rapid overpopulation can lead to famine which helps to return excessive populations to their equilibrium levels. There is a growing problem in the number of bears that have been born out of the mother of all financial crises. The growing and universal media gloom, blanket press attacks on bankers and banks included, has sustained the rapidly growing community of bears. The daily three courses of doom will run out and then many bears will vanish as rapidly as they emerged allowing some of the bulls in hiding to return to their pastures. Sooner than perhaps we all think, the glimpse of recovery might become the new diet.