Word: depressionitis
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You mention a few times the famous quote attributed to Mark Twain, "History doesn't repeat itself but it often rhymes." What period are we rhyming with now? Is this an echo of the Great Depression or is there something else that would be more apt?
The Great Depression started out with a stock market bubble that burst in 1929, as the world was going into a nice recession. Then the government started making mistakes. They passed the Smoot-Hawley tariff, they raised taxes, they became very protectionist, and the next thing you know we had...
For investors already wounded by the global economic crash, news of a potential pandemic came as a further blow. "As if we didn't have enough to contend with," strategists at the Royal Bank of Scotland wrote in a note to clients Monday, "it's just what we need now...
The odds that tens of thousands of people will die from the flu are low. Advances in medicine and public health policy have made a big difference in the ability to monitor emerging serious illnesses. The fact that the new disease seems not to be terribly virulent outside of Mexico...
Kudos to Joe Klein for his piece on legalizing marijuana [April 13]. The tax revenues a legal industry could generate--not just from pot but from hemp products as well--could solve major economic issues. I may have spent much of my high school years in a doobie-induced haze...