Thursday, October 2, 2008
Business as usual
Posted by Courtney E. Howard
I am so sick of sensationalism and biased political and economic reporting that I am hesitant to read the paper or watch the news anymore. I do, mind you, lest I miss out on a nugget of information that would actually have a perceivable impact on daily life. Even online blogs (yes, even the Mil & Aero Blog) and journals that I love to read daily are wrought with partisan or even jargony communication on today's biggest news stories: the bailout and tonight's vice presidential debate. I had just decided to become "Courtney Unplugged" (unplugged and free from online, email, print, and telecast bombardments) for a day, when I came across "Ignore the Economics and Move on as Best You Can," a blog entry by Dr. Joe Webb (http://members.whattheythink.com/allsearch/articleerc.cfm?id=36198).
In his blog, Dr. Webb, a respected analyst in the print/graphics communications industry, says:
"What is really quite amazing are the claims that the markets stopped working, which is how the whole disaster occurred. Well, that's wrong. The markets are working. Markets punish bad behavior, ruthlessly. Any of the plans proposed end up dragging the problems out further. Regulations designed to protect the market end up creating disequilibriums. Now that there is fear in the market again, the chances for rational behavior have actually improved. Flooding the market with money created the problem, and now we're supposed to believe that flooding the market with money will solve it."
His blog -- essentially about getting on with business and life -- hit home for me. I have had it with the sensationalism that bombards us at every turn. After all, somehow (heavy sarcasm) we muddle through despite being "on the brink of another Great Depression," in "very dire" circumstances, etc. Thanks, but no thanks, Chicken Little. We -- in the military and aerospace industry especially -- are resilient...even if those who have made millions and billions on Wall Street are not.
Long live the rugged, proactive, level-headed mil-aero market! Now switch off, unplug (from everything except milaero.com), and get on with it. That's what I am going to do anyway. ¶ 10/02/2008 01:39:00 PM
Posted by Courtney E. HowardI am so sick of sensationalism and biased political and economic reporting that I am hesitant to read the paper or watch the news anymore. I do, mind you, lest I miss out on a nugget of information that would actually have a perceivable impact on daily life. Even online blogs (yes, even the Mil & Aero Blog) and journals that I love to read daily are wrought with partisan or even jargony communication on today's biggest news stories: the bailout and tonight's vice presidential debate. I had just decided to become "Courtney Unplugged" (unplugged and free from online, email, print, and telecast bombardments) for a day, when I came across "Ignore the Economics and Move on as Best You Can," a blog entry by Dr. Joe Webb (http://members.whattheythink.com/allsearch/articleerc.cfm?id=36198).
In his blog, Dr. Webb, a respected analyst in the print/graphics communications industry, says:
"What is really quite amazing are the claims that the markets stopped working, which is how the whole disaster occurred. Well, that's wrong. The markets are working. Markets punish bad behavior, ruthlessly. Any of the plans proposed end up dragging the problems out further. Regulations designed to protect the market end up creating disequilibriums. Now that there is fear in the market again, the chances for rational behavior have actually improved. Flooding the market with money created the problem, and now we're supposed to believe that flooding the market with money will solve it."
His blog -- essentially about getting on with business and life -- hit home for me. I have had it with the sensationalism that bombards us at every turn. After all, somehow (heavy sarcasm) we muddle through despite being "on the brink of another Great Depression," in "very dire" circumstances, etc. Thanks, but no thanks, Chicken Little. We -- in the military and aerospace industry especially -- are resilient...even if those who have made millions and billions on Wall Street are not.
Long live the rugged, proactive, level-headed mil-aero market! Now switch off, unplug (from everything except milaero.com), and get on with it. That's what I am going to do anyway. ¶ 10/02/2008 01:39:00 PM
