I guess no one in a position to calm financial markets knows what to do.
Although he was anchorman of a financial show, does anyone remember Louis Rukeyser after the 9/11 attacks? What class and composure he had, and he wasn't even in an official position of responsibility. He reminded people that panicking was a bad long term strategy for one's financial health. And he was right.
His simple act of speaking, so eloquently and wisely, helped many long term investors keep perspective.
Now, no one, even in positions of real power or authority, is saying anything, doing anything substantive or even planning to do anything, it would appear.
Where is the voice of calm, reason and decisiveness during this financial crisis (and soon-to-be market) crash?
As Lee Iacocca would ask, "where have all the leaders gone?"
Although he was anchorman of a financial show, does anyone remember Louis Rukeyser after the 9/11 attacks? What class and composure he had, and he wasn't even in an official position of responsibility. He reminded people that panicking was a bad long term strategy for one's financial health. And he was right.
His simple act of speaking, so eloquently and wisely, helped many long term investors keep perspective.
Now, no one, even in positions of real power or authority, is saying anything, doing anything substantive or even planning to do anything, it would appear.
Where is the voice of calm, reason and decisiveness during this financial crisis (and soon-to-be market) crash?
As Lee Iacocca would ask, "where have all the leaders gone?"
