We'll be hearing that a lot, given the recent surge in the markets. Some will be tempted to buy in; many have, otherwise the rally would not exist.
What is behind this mania (best way to characterize the problem)? Well, casino capitalism lies at the basis. For some reason, our lawmakers keep letting the sirens pull them to choices that are not good for us in the matter.
Not that there aren't related hard problems that can give us grief. What's wrong with stepping back and taking a good look. That is, stop this so-called train; yes, halt the markets. It has happened before.
There are other things to consider, such as, let's unravel those supposedly too big to fail entities that are the giant suckers of value out of the economy.
Remarks:
03/05/2013 -- Ben reigns, but the savers' faces are bruised from his slapping.
10/25/2010 -- Capitalism, as known now, requires an endless supply of suckers.
04/16/2010 -- Rotten to the core. Does not have to be!!
01/27/2010 -- It's really ca-pital-sino.
11/20/2009 -- Societe Generale is getting negative?
11/10/2009 -- Glass-Steagall, again. Why not? Also, more on the gab standard.
11/08/2009 -- The gigantic chimera needs proper attention.
11/07/2009 -- Actually, there is a train, or, at least, we can use the train metaphor to discuss the economy's purpose and how finance has evolved into a problem (in medical parlance, not unlike a cancer) within that purpose. In other parlance, we can see that funny money (as determined by the FED) actualizes into delusional corners (the push for large mansions, etc.) since there is no being involved. In this sense, the lowly workers' grasp of reality (albeit, painful that it can be - what with the lopsided accumulation of wealth into a few hands - plus, mistreatment by the likes of bankers) is much more firm than is that of the best-and-brightest.
Modified: 03/05/2013
01/27/2010 -- It's really ca-pital-sino.
11/20/2009 -- Societe Generale is getting negative?
11/10/2009 -- Glass-Steagall, again. Why not? Also, more on the gab standard.
11/08/2009 -- The gigantic chimera needs proper attention.
11/07/2009 -- Actually, there is a train, or, at least, we can use the train metaphor to discuss the economy's purpose and how finance has evolved into a problem (in medical parlance, not unlike a cancer) within that purpose. In other parlance, we can see that funny money (as determined by the FED) actualizes into delusional corners (the push for large mansions, etc.) since there is no being involved. In this sense, the lowly workers' grasp of reality (albeit, painful that it can be - what with the lopsided accumulation of wealth into a few hands - plus, mistreatment by the likes of bankers) is much more firm than is that of the best-and-brightest.
Modified: 03/05/2013
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