Nyarlathotep
15th December 2003, 01:23 PM
This morning, as I was watching the news, I heard them say something interesting. They said that economists expected the capture of Saddam to help prop up consumer spending and to raise stock prices slightly.
I have to wonder why this is. I assume that they say this because good news like this in the past has had a similar effect. My question is: why? Does anyone out there really think to themselves, "Wow, they captured Saddam. That makes me so happy that I think I'll spend a couple of hundred extra bucks on Xmas (or drop money on that stock I've been unsure on) this year"? Is there some other factor at work that I am missing? Or are these economists just talking out of their a$$es?
I have to wonder why this is. I assume that they say this because good news like this in the past has had a similar effect. My question is: why? Does anyone out there really think to themselves, "Wow, they captured Saddam. That makes me so happy that I think I'll spend a couple of hundred extra bucks on Xmas (or drop money on that stock I've been unsure on) this year"? Is there some other factor at work that I am missing? Or are these economists just talking out of their a$$es?