posted on Mar, 5 2009 @ 12:49 PM
Well, alongside my bachelors degree in civil engineering, I have a minor in economics with the emphasis on macroeconomics and would have had a second
BS in math if I had realized I had the credits for it in time to apply for the degree (I took as many of my electives as possible in math and econ...
I am a redneck egghead.)
That said, my knowledge of market economics is lax at best. I actually have found that my background is really, really lopsided and has clouded my
abillity to view the current state of things with a rational view. In other words, I don't have the background to accurately say whether these
bailouts are the right thing to do for the market, but the macroeconomist in me is screaming "No! No! For the love of God, what are you doing?!?"
I've tried my best to educate myself on the market, but I admit when the talk turns to things like shorts and especially when the market behaves
irrationally as it has been over the past 6 months, I get a deer in headlights look. So I'd rate my market knowledge/experience as a 4 or 5.
My macro (and micro) econ experience and knowledge is obviously more robust. I'd feel confident assigning that an 8. Like I said, my anger over the
way the government has handled this is rooted in a firm belief that they're royally screwing up the economy as a whole. I think the MSM has helped
them obscure this fact from the public by focusing on the market and not acknowledging the fact that the market is only a part of the overall economy
of the nation and of the world, not the be all end all they sell it as. Even if the market was to suddenly turn around, the actions taken by the
government have caused massive damage to the rest of our economy, essentially just shifting problems from one sector to many sextors... The fact that
this damage has been done AND has apparently done nothing to stop the slide of the market simply makes it all even more eggregious.