The Flinchum File
Thoughtful Economic Analysis and Existential Opinions

Concern vs. Worry

06/28/2012

Today, Americans stand transfixed, waiting for the Supreme Court to determine the fate of ObamaCare.  As it directly impacts as much as one-sixth of our economy, it is a very important decision indeed.  But, note that  it has long-term economic importance.

Today, stock markets around the world are transfixed, waiting for tomorrow’s announcement from the 20th European Summit on the European financial crisis.  That crisis is also very important indeed.  But, note that it has immediate financial importance and short-term economic importance.

I’m interested in the Supreme Court decision, but I’m worried about the European financial crisis.

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