Letters to the Editor
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Are we too gloomy about the economy?
picking stocks is just another form of gambling. It is just tarted up to make it look respectable. Being #271 of the greediest or luckiest people in America I doubt very much Mr. Fisher will ever have much to worry about.It is pretty easy for him to say "don't worry be happy".
With all the unsecured debt that people have and the continuous balance of payments deficit something has to give. It is highly unlikely the rich people will take a hit so that leaves the rest of us to pay up. That is a pretty good incentive for serious gloom.