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[0:09] ..." see better times again. And as a veteran skeptic and not infrequent pessimist. I was surprised to hear myself saying of course we will. How I noticed I don't nodded anyway that would stand up"...
[0:43] ..." past 21 and I remember the 1970s. Years of gas shortages 18% mortgage rates and cost of living increases -- twice over before it ever got to your pocket. I remember the early ninety's and bank"...
[1:21] ..." History suggest you make much if not all that back. State treasurer KEL was making the same point yesterday about the state pension fund which has been swinging between major losses and major rebounds. The poison of private greed and public sector malfeasance has to be"...
[0:00]" I was visiting a relative of the nursing home yesterday and one of the nurses wanted to know. Will we ever pull out of this financial crisis and economic -- and see better times again. And as a veteran skeptic and not infrequent pessimist. I was surprised to hear myself saying of course we will. How I noticed I don't nodded anyway that would stand up in court I'm not an economist nor do I play one on TV. But even though I've only been on this earth for 21 years his cell. That's long enough to know that things go in cycles sometimes good sometimes bad sometimes up sometimes down. Riding high in April shot down in May. All right I admit I'm a little past 21 and I remember the 1970s. Years of gas shortages 18% mortgage rates and cost of living increases -- twice over before it ever got to your pocket. I remember the early ninety's and bank closures and plenty of the year to go around and most of all I'm a Red Sox fan. I remember all the years before 2004. And how we thought we'd never see light at the end of the tunnel. But somehow we did and we'll see the end of what's happening now is well. Keep in mind. Most of the market gains that have been washed away for now were recent profits if you're in it for the long term with your 401K. History suggest you make much if not all that back. State treasurer KEL was making the same point yesterday about the state pension fund which has been swinging between major losses and major rebounds. The poison of private greed and public sector malfeasance has to be squeezed out of the system and it may take awhile -- but we will. Have some faith. Someone in power should speak up and say something reassuring like the only thing we have to fear is fear itself."
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