Comments on: Things I Don’t Understand – Recession

By: Anne Wayman

Anne Wayman — Wed, 23 Jan 2008 14:25:27 +0000

John, didn’t know that about Wall Street… just Hitchhikers Guide for the first part – panic first… what a deal!

Melissa, I’m never sure if I believe there’s a plot or conspiracy or just something like obvious corporate interest no matter what they damage.

By: Melissa Donovan

Melissa Donovan — Wed, 23 Jan 2008 07:58:57 +0000

I don’t get either but I definitely agree with you that someone out there stands to benefit and they are most likely behind it. Beyond my personal budget, I find economics rather complicated and not too interesting. Someone’s holding the strings but who?

By: John Clausen

John Clausen — Wed, 23 Jan 2008 03:07:46 +0000

Just remember that the first rule of Wall Street is “Don’t panic.”

The second rule is, “Panic first.”

By: Anne Wayman

Anne Wayman — Tue, 22 Jan 2008 18:39:36 +0000

Thanks Matt… you’re sort of confirming my sense of it all… just heard (again) how much debt this country has… both as a country and for individuals… scary, particularly since we manufacture so little anymore.

By: Matt Keegan

Matt Keegan — Tue, 22 Jan 2008 17:17:17 +0000

As a business grad, I understand how the markets work, but one word you mentioned — fear — is the catalyst that can set things in motion.

It isn’t difficult to see that people who panic lose out while those who are patient and wait things out win. Just who is spooking who and for what reason is a mystery.

Then again it is a presidential election year.