curious cat

Why It's Not Different This Time: Facts for Comfort

even when big car makers sell less, there are millions of people who buy cars. the same is true of everything else. many millions of customers are drawn out by reduced prices. businesses that are well run can and will survive.

it always amazes me when newscasters report that we will only have one or two percent growth. doesn't growth mean more? if we did well last year without that growth, why can't we continue to do well? in fact, if our economy flourished for a dozen years, all the while increasing its growth, why can't we do just as well going the other way? somebody give these people a game plan, please.

we did not go up fifty percent in one year, so we do not have to go down fifty percent, either. check yourself. if you are business leaders, take a few minutes and call other business leaders, just to let them know that you are all going to go only to the last year's level of productivity. that's not collusion or monopoly. that's sanity. stop freaking out.

people who have a vested interest in calamity and have purchased puts on everything will continue to yell fire in our theater. those of us with a better view and those near the exits have a responsibility to calm the crowd. there is no fire as great as the one they want us to imagine and the firemen have already turned on their hoses.