From the so called “most depressing day of the year” to Inauguration overload in one day.
I’ve read “The Audacity of Hope” by Barack Obama and it did make me really optimistic about the years ahead… the wave of sentiment growing in Americe, could be seen as a real turning point in the fortunes of the world when we look back at this day in history.
Something that I’ve been pondering, and I apologise for going slightly off tangent today… the downturn was largely fueled (and caused) by the markets acting irresponsibly, the continued slump seems mostyl that they still don’t trust each other and that as this continues it becomes a spiral.
What if the recovery did not come from the markets?
What would the world look like if in a month or two’s time Obama sentiment is still running high?
Could their economy start recovering off the back of consumer sentiment?
There has been some commentary that the markets haven’t reacted to Obama because they fear some of his initiatives will harm their profit taking… does that mean the economy of America as a whole couldn’t recover despite the markets?
I don’t know, but I’m ever the optomist in some respects.
Your thoughts please on my “Springer’s final thought” – Does the UK need an Obama-like figure?Read More