All right folks, lets take a deep breath. There, you did it. Now stretch your fingertips high over your head. Close your eyes and think that special happy thought for a few seconds. Lower your hands into your lap now and smile. Feel Better?
So the economy is in the pooper. We've faced worse. That crazy government in Washington got us into a war far across the ocean that might go on forever. A travel opportunity for our fine servicemen. Uncle Jimmy just lost his job down at the plant. He'll find another. We're Americans, dammit. God wants us to win, and don't you forget it.
Seriously, the mainstream media has been pounding McCain pretty hard about his saying that market fundamentals remain strong. And I think that honestly, I basically agree with him. Have things really changed that much fundamentally from a year ago?
An economist from the American Enterprise Foundation wrote an editorial in the WSJ yesterday that mentioned how fast markets move. And I think that's correct. With a change in market and public perception, things can get back on track really quickly.
I think that whoever wins in November, we will see better times ahead. The present administration has been totally reactive by and large. Am I being wildly optimistic? Perhaps.
Things weren't as good as they seemed during the uptick and aren't as poopy as they seem today. Main Street is slow but this is a traditionally bad month.
AIG has now been resuscitated, the wound has been cauterized and hopefully the patient will recover. So lets not get paralyzed with worry.
Listen to Jack.
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Wednesday, September 17, 2008
A Message from Jack Lalanne
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