Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Monday, March 23, 2009

GYOFB

I’m still surprised we are avoiding that one.

The “we are in too much debt to china” MEME may be building… then one can jump to Cold War paranoia. That meme seems available to both parties.


It’s interesting how much we rely on “Catch Phrases”

Like “print money” “toxic Asset”..

and the "unwashed masses"(how elitist to say that), seem to rely on those phrases, as opposed to develop anything more than a prima facia understanding of events.( I always like to agree with Jon Stuart on this, as he has defended that the reason people don't pay attention, is because they are busy "mowing their lawns", or other metaphors for trying to live their lives.)... People just want to sound smart like Nouriel Roubini...



Then as MEMEs they develop lives of their own.

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