In 1929, The Economist wrote, "Can a very serious Stock Exchange collapse produce a serious setback to industry when industrial production is for the most part in a healthy and balanced condition?"
In 2008, The Economist writes, "Even as talk mounted of the rich world suffering its worst financial collapse since the Depression, emerging economies seemed a long way from the centre of the storm."
The situation, as the article continues is "No Longer."
Recessions occur. Its part of the cycle. Everyone knows this. But now, we are in a new age. This global market is heavily interdependent on emerging economies and the industrial production abroad and at home. What is our role in this? What will the future president attempt to reconcile in these markets? We know they will have help.
Obama has 7 advisors on economic policy, wile McCain has 34.
While McCain's number seems impressive there are a lot of people to sift through. The amount of research just to find out who these people are that will be making our economic policy suggestions to the possible future of the United States. And they more than likely will have some disputes on things.
Obama's seven? Who are these people? What will there role be if Obama is elected?
Even with the help of these people, what will congress do? During the Depression they added a tariff on top of an existing tariff. And while the Smoot-Hawley Tariff Act has debatable impact on the economy, the fact that over 1000 economists, plus Henry Ford, and JP Morgan urged against it and it was still passed in to law says much for our leaders.
Who are these people that we are electing to run our government?
Tuesday, October 28, 2008
Sunday, October 26, 2008
Wednesday, October 8, 2008
My Vacation
Date Conditions High Low Precipitation Cleveland Oct 8 Oct 9
Oct 10 Oct 11 PM Sun Oct 12  Sunny 71° 54° 20% Youngstown Oct 13  Partly Cloudy 74° 53° 20%Cleveland Oct 14  Few Showers 69° 48° 30% |
Rain 62° 55° 80%
AM Clouds 70° 52° 10%
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