At 21/09/2001 17:45, Doug Henwood wrote:
>Tom Walker wrote:
>
>>The "patriotic rally" following Bush's speech doesn't appear to be
>>materializing. European markets slid 7%. NASDAQ gapped down nearly 6% at the
>>opening. S&P down 4%. Investors seem to be shouting (with their money),
>>"Hell no, we won't go!"
>
>Ok, we're on the PEN-L bear watch again. What do you think we should do if
>the market keeps falling? Just what does it mean that it does? If it means
>a very bad economy ahead, what does that mean? Right now you're sounding
>like the color guy in the ICU, and not much else.
>
>Doug
What is the point of these questions? Why should leftwing economists do
anything about falling markets, and indeed what could they possibly do? Or
when you say *we* as in " What do you think *we* should do if the market
keeps falling?" do you mean, "We patriotic Americans"?
As for "bad economy", is there such a thing as a "good" capitalist economy?
Mark
