|
|
land,
buildings, material objects of assured value and that includes wheat, oats and barley.
It
is indeed a possibility that a full blown stock market crash can be avoided and it
is also a real possibility that there is little or nothing that government can do
one way or the other to change the course of events. Paul Martin and Jean Chretien
are doing the right thing in my assessment of things, they are assuring people that
the Canadian economy is okay and urging everyone to cool their jets. But, the infection
is not Canadian in nature and is not within the control of public figures. The individual
investment mutual fund administrators are in charge, acting on behalf of their funds
they are entirely responsible for the fate of the world's economy. If we look at
the past it is unsettling to discover that they have always when acting individually
made the wrong decisions that have been self destructive. Only working together have
we seen any positive and constructive action.
When
computer programmers got to work on investment they wrote programmes that would automatically
sell and buy as the market fluctuated. Measures were taken to cushion this automated
knee jerk reaction and weekly berserk events were avoided. It now remains to be seen
for the investment experts to develop a level of self awareness that will produce
some collective self preservation from their own predation. |
|
1 2 3 4 5 6 7 