The World is too much with us; late and soon, Getting and spending, we lay waste our powers; Little we see in Nature that is ours; We have given our hearts away, a sordid boon! – William Wordsworth
Are we heading into a deep recession? Might it be good for us? Bill Bonner’s Daily Reckoning column for today:
Consumers will wonder if all their frantic efforts to build wealth during the boom years was worth it. They may recall an article in last week’s U.S. News & World Report. The article said that people are ten times more likely to be depressed today than people born two generations ago. “Though the quality of life is much improved since WWII,” the authors elaborated, “the number of people who consider themselves happy remains flat.” What makes people happy? “Strong marriages, family ties, and friendships…” say the authors.