The dollar is circling the drain and dragging a whole lot of not-so-innocent bystanders down with it. The blog-o-sphere is buzzing about who or what killed the economy? Was it Bernanke’s slow reaction that wrought the recession? Have Keynes’ followers failed us? Have jobs been out-sourced, or have machines out-manned our workforce?
One of Attentio’s neater tricks includes keyword-fishing, accompanied by overanxious Attentio analysts (many investors, such as myself). Our computer trawls through related blogs and picks out the lastest culprits in our economic debacle. I found this week’s chart grimly amusing. Our recent dip was “much anticipated”. The “slowdowns” are picking up–even Macy’s Department Store laid off over 2000 workers. The current US President, never one who had to worry about money, is encouraging those in constant dismay over personal finances to buy buy buy (wholesale). Presidential candidates are pushing Lord Keynes’ theories on the government (spend spend spend…on defence?).
Rapper Kanye West is perhaps the best substitute for the bemused Benanke. West’s hit “The Good Life” reminds us all that “Having money isn’t everything but not having it is.”