I
have always discussed how moods are relatively long-lasting
emotions; sentiments are shorter-term. Correspondingly,they can
affect how stock market cycles react and can precipitate booms and
busts in industry.
Therefore,
our president, in the midst of a deep recession, should never make it
a practice of singling out an industry, whether industrial,
communications, banking, insurance or lender of any type, as
a scapegoat, when he wants the economy to recover and produce
jobs. (See the Earl J Weinreb NewsHole® comments and
@BusinessNewshole tweets.)
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