I know I've been reasonably immune to this, being based in Australia (where interest rates are on their way back up!), but doing some global research for a spee

I know I've been reasonably immune to this, being based in Australia (where interest rates are on their way back up!), but doing some global research for a speech I have to give next week gives me mixed views about this article. -True, much of the 'Great Depression' media was hyperbolic speculation -But, this recession probably will be the worst since the mid 1970s, and since most businesses weren't operating with their current owners back then many mistakes are being repeated due to lack of specific experience -Green shoots and 'good times' articles are also premature. The bounce in stock markets is only just starting to be seen in the broader economy, and we're hearing this will be followed by a drag phase and then another significant dip before really taking off again (think a W shape) Some of my colleagues ran a similar presentation in Washington State last week, so if you search Twitter [1] you'll find plenty more thoughts and observations. [1] http://twitter.com/search?q=%23shirlaws http://twitter.com/search?q=%23shirlaws