Re: PEN-L bear watch

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

I don't know what ICU is, but the gloating, muted as it might be given the
circumstances, has to do with the puncturing of the triumphalism of
neoliberalism, which has probably done more damage than the World Trade
bombers.

Doug has correctly reminded us that the downturn also will claim many
victims.  We have discussed here how an increase in unemployment leads to
deaths, crime, disease, ... besides the direct hardship of unemployment
itself.



On Fri, Sep 21, 2001 at 10:18:04PM +0100, Chris Burford wrote:
> At 21/09/01 12:45 -0400, Doug wrote:

 >Ok, we're on the PEN-L bear watch again. What do you think we should do if
 >the market keeps falling? Just what does it mean that it does? If it means
 >a very bad economy ahead, what does that mean? Right now you're sounding
 >like the color guy in the ICU, and not much else.

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx