Economics and the stock market

Another syptom of my cabin fever is my recent obsession with the stock market and economics blog debates.

I honestly can't wait to start studying something unrelated because the endless arguing among economists is enough to drive anyone nuts.  No wonder many of them seem off their rockers.

Anyways, for the record, I must say that I think we are in for a rough few years. The recent market drops have proven out the theory that investors could care less about the deficit, even though that's all republicans and the president can obsess about. Obama has really come out of this mess looking like a coward who just rides the most popular political trend to get reelected.

The problem with this strategy is that it has backfired. The fiscal restraint bandwagon he is jumped on was never going anywhere because its not an answer to the economy's malaise. So, now that the republican narrative has been refuted by the market, obama can't hang the failure on republicans. They both own it now. Who's speaking up for an alternative? No one except paul krugman that I can see. Like I said we're in for a rough few years.