More on the Madness of the Markets
Posted on October 15th, 2008 by Jonathan Dalton
Today the dropped 700 points in part because of “recession fears.”
So here’s the question … if whomever is deemed to be in charge of these type of pronouncements were to come out tomorrow and say, “yup, we’re officially in a recession” does that mean the economy is in any better or worse condition than it is today.
Will the utterance of the word change the reality?
How about we get over the classification and simply deal with the conditions? Wouldn’t that be a more prudent course of action?
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Holy Cow,
Jonathan you are talking about a reasonable, measured response set in motion with real people taking action!
I’ve been wondering exactly the same thing. Like monopoly money these days. Oh, lets just play with people’s lives some more.
Dealing with reality, now that’s a new idea.
Thanks for this post. I needed it today.
You should run for president.