Blog 8: New York Times Article

1. What is the main idea of this NYT article? What is its connection to OMAM?
The main idea of the NYT article is talking about our struggles in the economy. In OMAM, they had a bad economy as well. Back then it was even harder to make a living, men usually didn't have families and had to work hard to be able to support themselves.

2. According to the article, "Some Forecasters See a Fast Economic Recovery," what 'psychological factor' is mentioned as providing the U.S. society with a false sense of comfort?
According to Robert Shiller, everyone is on hold but is seems the economy is getting better when it really isn't. This factor may cause people to spend more money then usual and some people think this will help the economy.

3. Is there a similar psychological phenomenon that plays out in OMAM? [Hint: Where do the migrant workers' earnings go? Find support for your answers on pages 76-78 of the text.]
There is a similar psychological phenomenon, the workers are spending money at a bar instead of saving it.