Tuesday, January 6, 2009

Blog 8

1. What is the main idea of this NYT article? What is its connection to OMAM?
That the economy is now not good and it is going towards depression.  In OMAM it takes place in the great depression.


2. According to the article, "Some Forecasters See a Fast Economic Recovery," what 'psychological factor' is mentioned as providing the U.S. society with a false sense of comfort?
He says that "the real problem is that people are on hold.  And if the US believes we are not in depression then we may not be." this means that people can solve the problem by spending money.


3. Is there a similar psychological phenomenon that plays out in OMAM? [Hint: Where do the migrant workers' earnings go? Find support for