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Recycling cycles.

Pacific Shipper

| February 23, 2009 | COPYRIGHT 2009 Commonwealth Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

I know someone who really enjoys the talking heads "news" shows on TV. I was never that taken with the level of expertise displayed, but the current state of the world economy coupled with some oft-heard, yet ludicrous opinions has brought out the hidden regulator in me. I would really, really like to outlaw these shows.

I'm tired of hearing about a new paradigm. Especially when the new paradigm seems to change oh-so-frequently to fit each new circumstance. It wasn't that long ago that a new paradigm was that real estate prices wouldn't go down. The new paradigm in place then meant that deflation wasn't possible.

Just recently, I walked into a room and unwillingly heard another talking head mention that there is a new paradigm in the world's economy - gone are boom-and-bust cycles, he droned.

Last week, I was at a lovely dinner party where someone mused about whether the age of consumerism was a thing of the past: maybe we'll all quit buying so much stuff we don't need. Consumer spending will probably be hampered for quite a while, but eventually, there will be people ready to burn through more credit cards.

I've also heard talk that pork barrel spending is a thing of the past - or at least something that won't be allowed in current ...

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