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September 28 2011

The Daily Bell -- Depression Leaves Investors Feeling 'Like a Dog Without a Bone'

'Dominant Social Theme: Look. Depressions happen. But what would you do in 1932? You'd stick it out! By, say, 1960, you'd be back where you were! No problem ... -- Every day of your life you look anxiously in the newspapers to find out what "they" are saying about inflation, about Europe, about the budget crisis and whether taxes are going up. You have a job, but you're worried you're going to be made "redundant." Or maybe your company is going to go out business. Or your skills simply aren't going to be needed anymore. It's your fault, too. Plenty of people are "making it" in the modern world and if you're not it's because you haven't planned properly. You haven't taken the right degrees, focused on the right industry, created the image for yourself. Your fault anyway ... And so you worry. You live with worry. You worry all the time. There are so many outside factors weighing down on you. So much you can't control ... Recession, depression ... global warming, overpopulation ...'