What does it say about the trajectory of the universe when David P. Goldman and Robert Reich appear to be saying the same thing about the economy?
Probably nothing good.
Goldman has been calling it a “zombie economy” for months:
It’s not about getting a recovery going. That’s not going to happen, not if Martians land in flying saucers with a billion tons of gold to invest in bank capital. It’s about preventing something worse than we have now, namely screaming, bug-eyed, blood-in-the-streets, rape-the-crops-and-burn-the-women panic. Zombie not bad. Zombie good. Zombie better than alternative, which is you dead. Really dead. No breath, never get live again. Zombie is as good as it gets. You zombie, you still alive, sort of. You not zombie, you dead. Opposite of zombie not happy, lively, active. Opposite of zombie is you push daisies up. The best we can get out of this is a zombie banking system, one that still pays its debts because it earns enough interest from the toxic assets left over from the last boom.
Now Reich chimes in with “When will the Recovery Begin? Never” (via Instapundit, via NRO.):
The so-called “green shoots” of recovery are turning brown in the scorching summer sun.
...
The X marks a brand new track — a new economy. What will it look like? Nobody knows. All we know is the current economy can’t “recover” because it can’t go back to where it was before the crash.
Now where did I put my zombie-fighting manual?
