BBC The World: Candidates address economic trouble
17 September 2008From BBC’s The World:
“Anchor Lisa Mullins speaks with Mark Anderson, CEO of Strategic News Service, about how presidential candidates Barack Obama and John McCain are addressing the current financial crisis.”
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2 Responses to “BBC The World: Candidates address economic trouble”
September 19th, 2008 at 7:42 am
The American way to fail
The breathtaking rises in the price of bank shares this morning are symptomatic of a stock market that is bereft of reason and is being driven almost purely by hysteria and momentum.
http://www.bbc.co.uk/blogs/thereporters/robertpeston/2008/09/the_american_way_to_fail.html
September 20th, 2008 at 10:58 am
Tim, you’re right as usual. In fact, I think you may be the first person to have even used the word “reason” in this situation.
If there is any reasoning going on on the Street, it is a switch from a day earlier, when The Pack thought that all financials were worthless, to post-AIG save, when they suddenly realized this was not true, and that the government was probably going to win in preventing (short term) financial meltdown.