It’s Watercooler Wednesday and I realize this is supposed to be about art. Well, economics is more of a science than it is an art. But if you listen only to the media reports, economics is all melodrama and no science. There is a huge difference between financial upheaval and economic recession.
“It is difficult to gage when financial market upheaval will finally
come to an end. However, as long as policymakers steer clear of tax
hikes, tight money, and protectionism, the economy should remain
resilient.” Emphasis is mine.
Read the fascinating source of this quote.
If SOMEONE raises taxes, creates tight money, and initiates protectionism, THEN you can be afraid! VERY AFRAID.