Bruce Yandel's Economic Situation Report - September 2011

Submitter Photo - John Warner Submitted by: John Warner on Sep 05, 2011 at 10:29 pm Tagged with: economy Source: Clemson
September 2011
  • A long way from May to December.
  • Two different worlds we live in.
  • Becoming more like Greece.
  • Housing is the problem but not part of the solution.
  • Why stimulus doesn’t seem to work.
  • Final thoughts: tax payers and tax spenders.

Another September Song

In 1938, songwriters Maxwell Anderson and Kurt Weill wrote the hauntingly beautiful September Song for the Broadway musical Knickerbocker Holiday. Do you remember the words?
“Oh, it’s a long, long while from May to December, but the days grow short when you reach September.”

What a lovely tune it was, and what precious romantic words. Maybe the words describe a part of our current situation, even if the mood of the song does not.

After a tumultuous summer filled with epoch-making bad economic news and other misfortunes, many investors, business people and ordinary folks are looking forward to the close of 2011. When the year comes to close, the trip from May to December will seem long indeed.

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