Friday, February 12, 2016

My Take: Economic Ambivalence

Dow Jones 2016
The stock market is in free fall these days. Every night when I turn in at the end of the day, my net worth is less than it was the night before. 

The Dow and the markets were down again yesterday. By my very loose calculations, the market has been down about 10 percent since December.

None of the presidential candidates are talking about it. They are bashing each other, but no one is worries that the retirement funds that Americans depend upon for their futures are in an virtual free fall. 

Elon Musk
I read that one of the "uber" rich, Elon Musk, has lost $3 billion in value with the declining market. 

The numbers are staggering and affect all diligent Americans who have been saving for retirement, or even for a rainy day. This kind of ambivalence being cast on the issue is why it is almost better to do nothing to plan for the future and to prepare to throw oneself upon the welfare of the government and other citizens.

Yet, the presidential candidates say nothing.

And then I heard an interesting statement: "The falling price of oil is bad." I remember when I heard that the rising price of oil was bad.

Pick one!

My Take: The economy is in a shambles and the emperor has no clothes. Let's hope the candidates stop sniping and start talking about real issues, soon, or no one will be able to afford to vote for them. 

-- Bob Doan, Elkridge, MD

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