Economics
Dear Editor,
The social science, economics, is known as a dismal science, because unlike natural science, it deals with tendencies, not certainties. In other words, other things remaining equal, a result is expected in the sphere of economic analysis.
In this context, I should like to hear from a financial analyst such as the noted Ralston Hyman, what things are not remaining equal resulting in our stock market being on average bearish and not bullish, in keeping with the economic law that the market should tend to be bullish where interest rates are falling as we have been experiencing.
We all know that neither relations nor economic organisms can prosper unless they are underpinned by honesty, trust and integrity which inspire confidence as an axis of growth and prosperity. Perhaps the analyst may expand on this while proferring other opinions which can help to move not only the stock market but our country forward. Tell us, for example, how living below our means can help as it has helped the Trinidadians who, although they have oil, tend not to drive gas guzzlers.
Owen S Crosbie
Mandeville, Manchester
oss@cwjamaica.com
