With the replacement of two career politicians by economists, the stock market has recovered all its losses on Wednesday and is heading up. Maybe, there is a lesson in this that we should learn . . .
On Wednesday, the sky was falling, and the Dow lost 389 points. Europe was killing us. Then, Greece elected an economist as Prime Minister to take the place of the third-generation professional politician. Then, Italy made real progress in passing a budget, when uber-politician Berlusconi will resign. It is widely reported his replacement will also be an economist.