are Bush and the Congress causing the stock market plunge?
Two scenarios are possible here:
They may be bringing unnecessary attention to a soft economy, causing people to think things are worse than they are. Interestingly, falling consumer confidence can become a self-fulfilling prophecy to some extent.
In dealing with a soft economy, the proposals for short-term band-aids are perceived as so bad or meaningless that the market is responding negatively.
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home