Confidence is the glue that holds our society together - without it social and economic order cannot be maintained. The American people's confidence in our economic, financial, judicial and political systems represents an unseen social contract that binds our society together. This consensus is based upon the belief that those systems are just. A break of confidence in our political institutions by part or all of the population may hinder the ability of the government to maintain social order.
Continue reading » The Role of the Level of Confidence in the Stock Market and in our Society