the visible hand

it is the theory which decides what can be observed – einstein

Taking the long view…

Posted by ecoshift on March 16, 2008

Tonight Asian markets are dropping, the dollar continues it’s downward spiral and Dow futures indicate a panicky open tomorrow despite three separate (not to say desperate) moves by the fed earlier today to increase confidence and liquidity in the markets.

At times like this — when it is so easy to get caught up the details and passion of the moment — it is important to step back, take in the long view, and reflect on just how much has been accomplished since the turn of the millennium. Click the link for prescient forecast of all that would be accomplished.
(hat tip to commenter DrChaos over on the Calculated Risk blog)

Bush: ‘Our Long National Nightmare Of Peace And Prosperity Is Finally Over‘ | The Onion
January 17, 2001 | Issue 37•01

WASHINGTON, DC–Mere days from assuming the presidency and closing the door on eight years of Bill Clinton, president-elect George W. Bush assured the nation in a televised address Tuesday that “our long national nightmare of peace and prosperity is finally over.”

“My fellow Americans,” Bush said, “at long last, we have reached the end of the dark period in American history that will come to be known as the Clinton Era, eight long years characterized by unprecedented economic expansion, a sharp decrease in crime, and sustained peace overseas. The time has come to put all of that behind us.”


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