Quote:
Originally Posted by Bucco
President Obama is the HOPE of the future.
Bradley R Schiller....an economic professor at the University of Nevada is of the opinion that President Obama's choice of message, ie. fearmongering is good politics but bad economics.
His opinion piece from Feb 13 WSJ below....
http://online.wsj.com/article/SB123457303244386495.html |
He makes sense. Who in his right mind will buy stock in companies if there is fear of a depression which can make the purchased stock instantly valueless? When nobody buys stocks at a higher value, the stock market goes down.
Who in TV-Cyberland really has confidence that things are now better because of the passage of the stimulus package, and is willing to back that confidence statement with stock purchases next week?
Until there is individual confidence displayed by increased purchases beyond necessities - in merchandise, investment instruments, non-critical services, etc. - we will be remain in economic neutral while stopped on an incline. Doom and gloom has never been a motivator for anything.....except votes.