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 30, 2009

Robert shiller breaks into blather

"in america we had soup lines in the 30's so it wasn't that bad, nobody starved"

"we lead in financial intervention and technology and they should be able to take care of problems like this. And we need to encourage it?"

Well Professor... why hasn't it? What is wrong with our system that it has broken down so badly. You have to admit there is a problem before you can deal with it. The economy is still in so much denial. Somehow it thinks that all of this is how it should be.

There is this huge disconnect between what is going on, and how people are seeing things.

I made a comment somewhere about how sick of this economic bullshit that most of america is.

You can just feel it... people have just had it with what has been going on. And they would turn to communism to make it stop.

George bush talked about how exciting it is for people to move from one industry to another in their lives. Ya... I'm sure it's great to move from one industry to another every 8 years as we move from one bust to another. One of the principles of industrialization is labor specialization... Isn't it possible that we have lost one of the efficiencies of industrialization.

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