Well, we have the Wall Street Journal to trumpet the market. The Times can take on more of a populist air, notwithstanding that limousine liberalism. Democracy is to debate!
Market corrections are good, but we can have too much of a good thing - or at least too much of the doubtful speculation and business moves that have led to the corrections. And we would like the corrections to be fairly short-term and unpainful - definitely worth keeping an eye on it. Now, for instance, people are talking about the worst week in some years, I think I recall from the morning news. It is perhaps worth a wary concern.
Your point is well taken about how strong the economy has been, which is striking considering the new geo-political situation and its threat to stability, not to mention what we are paying in war costs in Iraq. Another good statistic is that all income classes have been rising, which had been a concern, that the lower classes were getting zilched.
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Date: 2007-07-29 04:22 am (UTC)From:Market corrections are good, but we can have too much of a good thing - or at least too much of the doubtful speculation and business moves that have led to the corrections. And we would like the corrections to be fairly short-term and unpainful - definitely worth keeping an eye on it. Now, for instance, people are talking about the worst week in some years, I think I recall from the morning news. It is perhaps worth a wary concern.
Your point is well taken about how strong the economy has been, which is striking considering the new geo-political situation and its threat to stability, not to mention what we are paying in war costs in Iraq. Another good statistic is that all income classes have been rising, which had been a concern, that the lower classes were getting zilched.