My blog is supposed to be about street trades in New York. But everytime I google the term to see if anything new has cropped up in this area, the results are inevitably about stock trading and Wall Street. Well, no surprise. Who’s looking at what’s happening on the streets when what is happening on Wall Street and stock markets is so much more gripping, especially at this present moment. With next week shaping up to be a pivotal week, what with Obama expected to unveil his economic team and Citigroup grasping for government help, it looks like as good a time as any to weigh in with my thoughts. The Associated Press quotes a venture capitalist:
“If Obama can reverse the psychology — make people believe that he understands the problem and will do what’s needed to solve it — then they will start to engage again with the economic system.”
I hope there will be a boost in confidence. I hope that this can mark some sort of turning point in all this unrelenting talk of doom and gloom. Certainly, the economic and financial web is so much more interlinked than one man and one team can start to unravel, but I hope that at least the death grip can be unloosened. Maybe then, businesses can start thinking about growth, and people can begin to plan for their futures. This would certainly help the trades plying out there on the streets.
