The old AA principle actually seems to fit the economics, as well as personal recovery.
It seems that one of the key dinamics that has changed is that people have adjusted their expectations, refocused their priorities and have decided to move on with their life. Being laid off, while unplesant and while still causes panic, is now being accepted as par for the course.
In light of the change in the attitude, the behaviors change as well. People are starting to move on with their lives. They are no longer paralized by the world around them. And that is the seed of the healthy economic recovery.
It is interesting to watch how quickly the winds can shift and how quickly we can move from unemployment to inflation. Hopefully our ship’s weight is low enough (our wealth is destributed broadly enough) that it does not try to capsize as we change our economic course.
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