Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Markets sense the plague is coming (back)

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Economy Donate to DU
 
jtuck004 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 05:31 AM
Original message
Markets sense the plague is coming (back)
By Nick Godt, MarketWatch
NEW YORK (MarketWatch) -- In the 1947 classic novel "The Plague" by Albert Camus, a deadly epidemic shuts the town of Oran in Algeria from the outside world and leads to panic, a near collapse of institutions, order, common sense and humanity.

Ultimately, two leading and opposing trends emerge on how to respond with the issue and to sway the course of action.

On the one hand, religious and repressive judicial authorities say the plague was a long-coming, well-deserved punishment from God for the sins of the populace and the breakdown of values.

On the other side is the scientific and medical community, which tries to relieve human suffering while seeking and ultimately finding a cure. The human toll, however, has been devastating -- in large part due to human folly in opposing relief efforts.

In the same vein, as leaders of the Group of 20 nations meet in Toronto this weekend, we'll all be reminded why the outlook for jobs and global growth as well as for markets is getting darker by the minute.

More
Printer Friendly | Permalink |  | Top
unblock Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 08:03 AM
Response to Original message
1. the g20 is shaping up to be a gang of idiots giving us poison instead of medicine
governments trying to cut debt and balance budgets by restricting spending is the single most idiotic thing they could do right now.

we are in a classic recession with capital, capacity and inventory idle while demand is constrained by crushing consumer and homeowner debt. the obvious remedy is to stimulate demand by getting money in the hands of those who will spend it and pay down their debts and return to normal functioning.

but no, the powers that be, especially in europe but the disease is catching, want to restrict government spending and compound the problems for the consumers. the inevitable consequence will be more bankruptcies, more defaults, less demand, more people on the dole, and a worse recession all around.

hoover, it seems, has risen.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sat Dec 27th 2014, 05:08 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC