What constitutes economic strength and weakness? And how much of our economy survives on illusion?
The faith in the US dollar contains a bit of flame and air. The rest is pretty solid..
I wouldn't classify it as an illusion, but anything dealing with the financial industry is highly faith based. People must have faith in the banks otherwise they wouldn't invest in them (i.e. deposit money).
I think the recent declines in the stock market can be attributed to a lack of faith in the security of those investments. Investors are selling off their stocks and moving towards the safer (yet lower yielding) investments.
You could also say trust in certain companies is what allows them to survive. This is especially a factor of service industries, such as law firms, accounting firms, health care, etc. Even restaurants need to provide a certain level of trust to customers when considering cleanliness and safety.
Its still the economy, McStupid | Capitol Hill Blue::
I borrowed the video tapes of his lectures in the 80s and it renewed my faith in the GOP. Our government allowed for every type of loan much like pension
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NoodleFood::
American families and the very soundness of our economy would be disastrously significant successes: Bushs faith-based initiatives, the partial-birth
http://www.dianahsieh.com/blog/labels/Politics.shtmlHOME |
Manufacturing hasn't needed to provide such a trust before...The product spoke for itself. Nowadays though, people factor in how environmentally sound a factory is as well as other factors.
Final thought, forecasts and futures seem to be having great impact on the present markets. The fact is, right now people are simply unsure and that has caused problems. Gods Politics - Jim Wallis blog, faith blog, religion, christian ::
both candidates and parties by our biblically-based moral compass. Civility does much to take the blinkers off, or at least allow a fuzzy view of the
http://blog.beliefnet.com/godspolitics/2008/09/obama-perkins-palin-and-a-plea.htmlHOME |
I for one believe 90% is all in the mind, for even if your individually doing great, everyone talking on how bad it is makes it worst, for instead of you going out and wasting money to boost the economy you hold on to your money which in turn does nothing too booster the economy, when if your doing not that great but everyone is doing ok you seem too spend with reckless abandon in turn helping bolster the economy.
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How much of our economy is based is based in flame and air (IE faith)?