I fear something is amiss in our relationship. A week doesn’t go by without me reading an article or watching a news segment about your utter distrust in me and disdain for those I work with – or in your minds, my puppeteers.
I do apologize for the scare I gave you in 2008 and the subsequent recession. I understand some of your loved ones may have been hurt by my failings (and fallings). It gave me no pleasure to see so many retirement accounts, index funds, mutual funds and other investments take a tumble. It terrified me to watch my Dow Jones peak at14,164 in 2007, and then fall to a mere 7,882 a year later.
You spent years hearing phrases such as “crisis,” “depression,” “TARP,” “bailout,” “too big to fail,” “subprime” and “collapse.”
Some of you were just graduating college and entering a difficult workforce, while others saw your parents’ savings and college funds significantly reduced. Undoubtedly, my erratic behavior impacted you all in some way, which is why today you aren’t interested in me as a bedfellow or even a friend.
I empathize with you that I may seem untrustworthy. But, despite all this, let’s be friends.
Read the rest on US News and World Report.
Long-time readers – yes, this is a refresh of a post I did in 2013. However, it’s completely different.
Picture from Michi W. on Flickr