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It is awesome when the stock market surges on the prospect that healthcare reform will fail, but it's an abomination when the stock market retreats because there's talk of restoring bank regulations that, if the Republican Congress and Clinton hadn't dismantled them, would have prevented the current U.S. economic depression.
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Stock Marklet (SM): short term greed incarnate...certainly not a "national forum". No surprise, though prediction is just about impossible.
ReplyDeleteThere's also news that China is tightening regulation...that short dollar (and long commodity) bets are coming off...Bernake renewal is in doubt...integrate, add salt, and throw the chicken bones.
Perhaps telling: fiber optic cables are being laid in the NW passage in part to save the odd 140 milli-second transit time of communication for financial trading advantage.
Great Recession II ("out of gas") could be the dark before a slow motion dawn.
Anon: I'm already thinking ahead to Great Recession III (The Shock Doctrine).
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