Veoh Takes You to the Video

During these days, the economy is the major focus for almost all Americans. So many pundits are declaring that the Dow Jones is falling toward 8000 and forewarning consumers to “back out now.” People hear this fear-promoting assertion and quickly pull their money out of the market and limit their spending, thus everything begins to freeze. However, there are those who believe that we are in the recovery phase of a cyclical recessing, not a “massive contraction.” Economist Jeff Sachs of the Earth Institute at Columbia University and Dan Shaffer of Shaffer Asset Management points towards the light at the end of the tunnel on a recent video segment of a discussion on Fox Business Network. Sachs praises the Feds for taking on the critical problem of maintaining a good grasp on short-term money markets. Businesses would not be able to make payroll if those were to freeze. Moreover, it would become exceedingly difficult to obtain working capital. Shaffer digs into the numbers to offer the troubled an encouraging word. He evaluates America’s current recession through historical context, indentifying that there has been 14 distinct periods in American History since 1929 where indexes have fallen an average of 40 percent or more. The drop was more than 49 percent recently in 1973, and still the country survived. Nonetheless, there will be people investing in various industries. Huge entrepreneurs who have money to invest – people like Warren Buffet – will notice the wide open space with almost no competitors and dive in to invest while the price is right. What had been damaged is well on the way toward repair, so don’t pull out and hide! This is the only way we know to keep the system going for everyone. If you run into some short-term problems, understand that products like short term installment loans are an option for help. Let’s continue to stimulate our country’s economy.
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