I like to listen to the radio show Marketplace, which is broadcast on two local public radio stations, a half-hour apart. (So if I get off work early, I listen to it on WDET at 6; if late, on WUOM at 6:30, and I can even listen to the last half on WDET and the first half on WUOM, if that works out. But that’s neither here nor there.) Now, I know a bit about economics and business, but I’ll never be in the running to become the next chairman of the Federal Reserve Board. The best thing about this is — yes it’s about business and the economy, but it’s written for mere mortals. So I don’t have to write quick e-mails to Dr. Dave at Northern begging him to take time between teaching his econ classes to explain what I just heard about the M1 money supply. You probably wouldn’t, either. (Not that you know Dr. Dave, or even played guitar with him, I guess.) It’s that well-written, and it’s interesting, which is to say, not all corporate annual reports.
Anyway, they have a segment where they report the daily closing numbers from Wall Street, and to make it more interesting, they play specific background music, always tunes that are decades old: “We’re In the Money” when the markets are up, “Stormy Weather” when they’re down, and “It Don’t Mean a Thing if it Ain’t Got That Swing” when results are mixed. It’s a little thing, but endearing.
Except I’m getting awfully tired of hearing “Stormy Weather” every day. I saw in someone’s LJ today that the Dow Jones has lost 2000 points since October — that’s almost 15%. The current Federal Reserve chairman spoke to Congress today, and the markets dropped while he spoke. And everyone in the media seems to be saying “so why don’t they say the ‘R’ word already?”
So, maybe Marketplace needs a new song. I’m just hoping it’s not “Brother, Can You Spare a Dime?”