Measures Against Malaise

AGROWING number of observers say that we’re in for a prolonged period of tough economic sledding: The NASDAQ has wiped away $4 trillion of wealth, and the rest of the stock market is being hammered as well; consumers and corporations are up to their eyeballs in debt; the rest of the world looks blah or even bleak. We went on a binge— dot-coms, this time—and now we are suffering the inevitable, head-splitting hangover.

Hogwash. The doomsters will be right only if we make major policy errors. If the correct steps are taken, we should see the markets rebounding by fall, and the economy expanding smartly by the turn of the year.

SF

About the Author

Steve Forbes

Featured Tags

AGROWING number of observers say that we’re in for a prolonged period of tough economic sledding: The NASDAQ has wiped away $4 trillion of wealth, and the rest of the stock market is being hammered as well; consumers and corporations are up to their eyeballs in debt; the rest of the world looks blah or even bleak. We went on a binge— dot-coms, this time—and now we are suffering the inevitable, head-splitting hangover.

Hogwash. The doomsters will be right only if we make major policy errors. If the correct steps are taken, we should see the markets rebounding by fall, and the economy expanding smartly by the turn of the year.