An Austrian Perspective

Random musings on the world, the markets, and economy from an Austrian economics perspective.

Tuesday, March 3, 2009

Trader Obama

President Barack Obama said Tuesday he's "absolutely confident" that the global economy will recover, and suggested that stocks might be a good buy now that prices have fallen so hard. "Profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it," Obama told reporters.

Maybe Obama should have become a trader or market analyst instead of President.
at 3/03/2009 01:48:00 PM
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