Re: RE: Warning Signs

[Doug Henwood]

Max Sawicky wrote:

>I do have doubts as to the inevitability of crisis,
>but I don't believe we have reached "permanent prosperity,
>. . . "  The latter is a separate matter.
>
>Everyday life might be in crisis, but crisis as a danger
>to the economic system is a whole different story.  I think
>the term "crisis" should be reserved for the latter, and we
>should keep our eyes open as to its likelihood.  I think overuse
>of the term 'crisis' is a hindrance, in this regard.

A question for our more excitable contributors: is an ordinary 
business cycle recession a "crisis"?

Doug