--Gloom and Doom, just in time for the advent of Fall!
Sure, the market tanked today by 3+%, but panic is NOT
advised. We should always remember the market is MOSTLY
a psychological artifact, which has both positive and
negative aspects. Adopting attitudes around positive practices
right now can move the world economy eventually into the
black, despite dispiriting, real, seemingly intractable problems.
RESOLVE NUMBER ONE:
"We can fix this; we WILL fix this." Just such a simple
determination is what has gotten humanity through every
other major crisis in its history, a lesson we should
NEVER forget. All further actions and policies must flow
from that resolve.
RESOLVE NUMBER TWO:
"We can't give up." No further explication required.
RESOLVE NUMBER THREE:
"DON'T panic." Again, self-explanatory.
RESOLVE NUMBER FOUR:
"Get organized with a step-by step plan." But,
aren't the world's toffs ALREADY doing/implementing
same? I would say....NO. I subscribe to an economics
newsletter put out by a former IMF Chief Economist,
consult other sources, which lead me to conclude,
sadly, there is precious little cogent leadership, be it
corporate, political, or academic. Instead I find fear,
greed, inaccuracy, denial, dithering, not getting down
to brass tacks, sharply partisan politics, etc. Surely
you can supply any lacks I've overlooked.
Smart strength: what we need right now--Let's find some.