Tuesday, December 02, 2008

It's up, It's down

You have to go back to the 1930s to witness the kind of volatility we have seen in the past month or two. Will the economy tank as much now as it did then?

Fear and uncertainty seem to be the dominating forces in the economy; reason clearly has left the room.

We shortened the length of the interregnum after Hoover, and went from a March to a January presidential inauguration. Should we cut it back even more? Maybe to January 1? There is a great deal of confusion now as people are looking to Obama but Bush still has the power.

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