Mosquitoes could be the canaries in the mineshaft of the American economy.
It has been a dry year in California. They have been in a grip of a drought. Normally this would mean that the mosquito population would be reduced, but this year in some areas, this has not been the case.
Why?
Swimming pools, neglected when the banks foreclose on homeowners, have become breeding grounds.
The fact that there’s a noticable problem with mosquitoes is an indication of the number of foreclosures.
Stockton is a prime example.
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This is the human end of the banks’ mortgage crisis. A crisis according to a BBC article I read recently that could “… have a reduction of total credit to the economy of two trillion dollars”.
Will it affect us here in Australia?
If it leads to global recession… yes. Simply put as far as I can tell (and I am no economist) – if the biggest economy in the world stops buying, then suppliers – for example China – will be affected. And who is buying all our natural resources and keeping the boom rolling in WA? You got it.
I’ll be watching those mosquito reports.