Tuesday, January 6, 2009

NYT Article & Power in OMAM

1. At the time of OMAM, there was the Great Depression going on. In the New York Times article, it discusses the recession that is occurring at this time. 

2. The false sense of comfort that the article presents is the bidding up of stocks. 

3. If the US thinks that we are going to recover than we will. No one is spending because of the recession but if we all ignore the problem and start to spend again everything will go back to normal.

No comments: