Five myths about the economy hopefully cured by the recession

Updated

I'm sitting in front of the New York Stock Exchange while I write this, waiting for President Obama to make his appearance where he plans on making a speech inside commemorating the one year anniversary of the demise of Lehman Brothers. Not being allowed inside, I'll miss the speech. But I hope to take his picture. Unfortunately they've cleared the street ("The Street") of all the coffee cart vendors so I am writing this without the help of my good friend, caffeine. But one year later, there are five sacred truths that I've come to realize are no longer true in the middle of The Great Recession.

-Myth #1: Savings is good -

One picture is worth a thousand words:

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