Editor
Huffington Post
Dear Editor,
Dan Dorfman has written an insightful article regarding my pessimistic outlook for the economy. Here’s my response:
On Halloween day at one of our subsidiaries — The Weiss School in Palm Beach Gardens — whenever we dress up as Godzilla, Dracula or former presidents, all the children, from pre-K through 8th, know that they’re really not as scary as they may seem. The same will be true for America’s Second Great Depression. We’ve been through worse before, and we survived. We’ll survive this time as well.
In contrast, the true pessimists are those who say that we’ll muddle through this crisis without change and, implicitly, that we’ll never resolve our worst financial problems: A pile of debt, a dearth of thrift and an aversion to austerity.
I dreaded this day as often as I predicted it. I prayed it would never happen. But now that it’s here, I have a new prayer:
That you, I, and your readers are, or soon will be, out of danger.
That the worst of this crisis will strike swiftly and end swiftly.
That, once we hit bottom, no matter how ugly the future may appear, we will have the fortitude to reinvest, help get our country back on its feet, and move on to better times.
Millions of investors, empowered with the excellent information you have always provided, can make this happen.
I am confident that they will.
Martin D. Weiss, Ph.D.
