Whistling past the graveyard UPDATE | Arkansas Blog

Tuesday, September 16, 2008

Whistling past the graveyard UPDATE

Posted By on Tue, Sep 16, 2008 at 1:31 PM

A Stephens Media article today quotes a variety of people who see little fallout from yesterday's Wall Street debacle in Arkansas. Stephens Inc. is apparently sound, yes. But if the commenters think every bank operating in Arkansas is in blue-ribbon financial condition, they haven't been reading the newspapers. And if they think a 500-point drop of the Dow has no impact in Arkansas, they must not have an IRA, 401K or other investments. The only thing unaffected by yesterday's news was money buried in a can in your backyard -- and it's worth less because of creeping inflation.

It is a global economy. We are all in this together. If you doubt me, check today's Arkansas Democrat-Gazette. It would otherwise be reflecting the implosion of the newspaper industry with a puny eight-page classified ad section today. But, good news for publisher Hussman, the section was swollen by the inclusion of some nine pages of mortgage foreclosure legal ads. Tell me there's no fallout in Arkansas.

Today could be more trouble.

UPDATE: The Fed won't lower interest rates again. Market can take care of itself.

Sign up for the Daily Update email

Comments (21)

Showing 1-21 of 21

Add a comment

Subscribe to this thread:
Showing 1-21 of 21

Add a comment

More by Max Brantley

Readers also liked…

  • Arkansas: Land of .......

    Welcome to Arkansas: Land of cowardly politicians, discriminatory laws, inhumane turkey drops and lots and lots of Trump voters.
    • Oct 8, 2016
  • LR Police Chief Buckner in running for Charleston, S.C. job

    KATV reports that Little Rock Police Chief Kenton Buckner is one of five finalists for the job of police chief in Charleston, S.C., and will be visit Charleston next week as part of the process.
    • Feb 2, 2018
  • UPDATE: Hutchinson moves to cover himself on cut to War Memorial Stadium

    Gov. Asa Hutchinson apparently felt the burn from KARK's exclusive Tuesday night on his plans to cut state support of War Memorial Stadium in half beginning July 1, 2018. He has a so-far secret plan to make the stadium self-sustaining. We bet that doesn't include state support.
    • Oct 20, 2016

Most Viewed

Most Recent Comments



© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation