Thoughts on the economy and elections

More action is happening on my [INSEAD blog](, and even more action is happening in the library (boo!) but I thought I should pen down some quick thoughts about current situations:

On the current economic crisis

Tempting as it is to watch with an odd combination of amusement and dismay as our stock prices fall lower and lower, there is really no point in checking them every minute. Being MBA students there is a very strong temptation to sit in front of the Bloomberg terminal watching stock prices from your country of origin trickle further down every few seconds. I have been using my Bloomberg iPhone app more often than usual, taking a masochistic delight in seeing prices fall and telling myself I was smart to sell a lot of my shares before the real shit hit the fan.
But, as with really bad diarrhoea, you never know when it ends. If you live only for money, then you may feel your life is coming to an end. If your foundation is in deeper, more meaningful things, then you will not be as badly shaken. However, it is tragic while lots of people in America have lost their homes and an old lady has even shot herself after defaulting on mortgage payments.

On the US elections

I am getting all excited again for Obama as he’s become more specific with issues, and sounds more decisive. The second debate helped him stand out. All these years I was actually fine with McCain and thought he’d have made a better president than Bush, but the GOP had other ideas, and now it may be difficult for the Republicans on all fronts.
A couple days ago, our Organisational Behaviour professor let us watch Martin Luther King’s speech, I Have A Dream. I’ve read excerpts, but watching the original video really moved me. If Obama gets elected, King’s speech will have extra significance – even though Obama isn’t the son of slaves.
Embedded for your viewing pleasure:

I’m adding my INSEAD blog on my sidebar so it won’t be so quiet over here… take care, dear readers, and have a great weekend while I slog away!