obamesque.wordpress.com — Investors are skittish. Any news about GM, or AIG, or retail sales being weak, or below forecasts, etc., causes them to react. Knowledgeable traders with years of experience are killing the DOW as they react to the aftershocks of the policies Michael Boskin wants to retain. Investors react to fear-mongering by losing confidence - and selling off.
Mar 8, 2009 View in Crawl 4
nodramaMar 8, 2009
Boskin’s evident bias in favor of the wealthy echoes throughout his WSJ opinion piece.The wealthy perpetrators of credit default swaps and derivative voodoo aren't suffering the way the folks who never earn even $100,000 are.
holesomeMar 9, 2009
Exactly! They tell us over and over that investor confidence is the problem, but then a leading figure deliberately scares investors... what's up with that?