Thursday, November 6, 2008

Our Crashing Economy

It seems almost too convenient that a topic such as this should occur on the day of which I am writing this article. This event has definitely proven the stability of this topic to be on going for the next several months. However, the article from which I took notes also proved the complexity of my topic. This crash is certainly not as simple as it might seem. Many people have taken this crash as an indicator of how the American economy will react to an Obama-Biden administration. This kind of most probably false reaction and indeed assumption that the election of Obama is the reason for such a decline is an indicator of the connection the president has the stability of our free market. Part of this I Search paper will follow just how the new president does when it comes to rebuilding the economy. This is the first step in the data acquisition of that section of my I Search. Facts though, point to Cisco Systems as a key contributer of the crash. I find this incredibly interesting that even though a decline such as this one, (10% over two days) had one core catalyst, no seems to be able to pinpoint it. This article and the event of which is was reporting also helps bring to light the severe turbulence of our economy. I thought that it was very interesting that a sharp decline such as this one follows the best economic run-up in 34 years. It certainly proves the sheer ability of our economy to be so volatile. This article also reveals the sometimes peculiar aspect of speculation and the role it plays in our economy. Indeed, many things such as the price of fuel can be influenced heavily by speculation. This article and event provides proof to the influence of speculation in our market. Overall, I was very pleased to find such a great source of information. This is certainly a website that I will be returning to. It provided a wide view of the issues it discussed and did not seem to lean in one direction or another when it came to discussing politics.

No comments: