Economic Outlook:The Great Divide: Wall Street vs. Main Street
A strange thing happened last week. Financial experts, government officials, CEOs, and the odd billionaire investor declared the financial crisis all but over. These are the same folks who only a month before were calling it the worst systemic financial crisis since the 1930s and predicting that even the basic functions of the global money machine were at risk. Now only weeks later we’re being told that the worst is over and stocks have begun rising again. Things move quickly in the new economy—but that quickly? After all, that other big crisis that started in 1929 lasted a bit longer than nine months. -more-
