Wall Street - Nothing More than a Mirage

Those who work on 'the street' best understand the optical illusion effect that surrounds the concrete value of buying and selling shares. To many it is a phenomena like electricity. They know it works. They just don't understand how. When the stock market is in bull time, nobody much cares how it works as long as they make money. But that intangible veil parts whenever a grizzly bear comes into view.

This week lions and tigers as well as bears paraded downtown. Wall Street reacted by suffering its very worst panic attack since The Great Depression of 1929. Lehman Brothers filed the largest bankruptcy suit since that great disaster shock this land is your land, this land is my land, and the stock market took its worst nose dive since 9/11.

But nothing develops from nothing. What led up to this debacle has been in plain sight for a very long time. For years there have been wall street analyst's predicting just such a fall out was inevitable. But who wanted to listen to whiny, fretful chicken little heads carry on about "The sky is falling, the sky is falling!" Certainly not any of the people making windfall profits from a sinking Titanic.

The immediate remedial action taken this week has shown a light on all the crevices in America's superficial prosperity. The deregulation causes behind this latest economic crisis are complex and will demand complicated solutions.

It would behoove all Americans at this time to acquaint, or re-acquaint, depending on your age, with Franklin D. Roosevelt's New Deal strategic policies put forth during the years following the Great Depression in order to lift America up from its knees.

In the meantime it would definitely be time worth spent reading a comprehensive piece written this week by David Lightman.

http://www.truthout.org/article/wall-street-crisis-is-culmination-28-years-deregulation

In it he simplistically examines how we got to 'here' by giving an easy to follow American economic time line that identifies economic markers and changes throughout the past decades. It's the most straightforward approach to breakdown a very complex turn of events.