What have you always wondered about the economy? Tell Us

Word on the Wall Street

Scott Jagow Mar 19, 2008
HTML EMBED:
COPY

Word on the Wall Street

Scott Jagow Mar 19, 2008
HTML EMBED:
COPY

TEXT OF STORY

Scott Jagow: To find out what some people think about what’s happened recently, we hit the street. More specifically, Wall Street.


Ed: Ed, I’m an investor. The country has just not eaten its vegetables in a very long time, and it’s time we sat down and ate our vegetables instead of just passing out free money and lowering interest rates and manipulating the thing around. We just need to be a lot more disciplined, ’cause we are in a mess and heading for deep, deep doo-doo.

Eric: Eric MacNamie, stockbroker. I work right down the street, 44 Wall Street. The market’s cheap right now, this is the time when you buy. Everybody’s gotta have a positive attitude about this. I always see people walking down the street, long face, “Oh, the market’s down, the market’s down.” Who cares? It’s a volatile market, everybody can still make plenty of money.

Anna: Anna Crockis, I’m a student at NYU. I’m from Sweden and the dollar is just so low right now, so, well since I get paid in U.S. dollars, I’m pretty broke. Whereas my friend, who’s visiting from Sweden, is, you know, rich, ’cause the dollar is really low.

Jagow: Some thoughts from Wall Street yesterday.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.