Skip to Content.
Sympa Menu

homestead - [Homestead] To worry or not to worry . . .

homestead AT lists.ibiblio.org

Subject: Homestead mailing list

List archive

Chronological Thread  
  • From: Gene GeRue <genegerue AT ruralize.com>
  • To: "homestead AT lists.ibiblio.org" <homestead AT lists.ibiblio.org>
  • Subject: [Homestead] To worry or not to worry . . .
  • Date: Sun, 05 Jun 2005 08:05:57 -0700

Of the few things we control, our thoughts are ours alone. Focus and find truth. Let everything in and go nuts. Screen tightly and be uninformed. Go sit in a cave and meditate. Or read every piece of mostly bad news each day.

It's a choice.

Found at:
http://www.nytimes.com/2005/06/05/magazine/05WWLN.html

The Way We Live Now
See a Bubble?

By ROGER LOWENSTEIN
Published: June 5, 2005

It's a good time to be a financial-disaster writer. Disasters abound, and even when they don't, people are eager for your opinion on when the next bubble is going to pop. Scarcely a day goes by without a warning of some dire calamity -- in the dollar, in housing values, in pension funds. The way people crave financial info, we must be the best-informed, most economically literate society ever. But we do not sleep any better for it. Is all the anxiety warranted, or even productive?

A few years ago, the chief claim on the public tranquillity was the fear of ''deflation,'' meaning that the price of just about everything would fall. Before that, it was fear of ''Y2K.'' Neither transpired. This is not to say that disaster never strikes. The number of bubbles and consequent meltdowns over the last quarter-century could fill a proper B-school syllabus. In order of appearance, oil drillers, precious metals, personal computer makers, the stock market, commercial real estate, Trump casinos, junk bonds, biotechs, Russia and Internet stocks each had their moments of glory and returned to earth.

Not every bubble ends with a crash, but sometimes, because of a linkage or feedback mechanism, . . . .[more material, but you get the idea].






Archive powered by MHonArc 2.6.24.

Top of Page