Italian Prime Minister Silvio Berlusconi today said that world leaders might consider suspending stock markets in order to force a collective breath. It would kind of be like what FDR did in 1933, when he declared a bank holiday in order to both stop widespread withdrawals and to formulate/pass new legislation.
Berlusconi seems to have been thinking aloud, suggesting that this was more “hypothesis” than anything else. But here’s my self-interested question: If such a thing were to occur, would that mean an unexpected holiday for those of us who are officially off when the markets are closed? I do have a bunch of yard work to do… Plus, it might be good to remember what it’s like to not work on weekdays. You know, just in case.
Update: The White House is cool to such an idea.