I was just checking out this program about economics.
It had one of the "talking heads", and I mean one of the ones that is not given daily cash by cnbc. The funny thing was, I remember 6 months ago arguing with him about lemon socialisum. And on the program he started talking about the same thing. How we are caught in this hypocrisy of FreeMarkets and TooBig to Fail.
I just think the fallacy is to argue one side and the other. That is the Catch 22, that most people are caught up in. Either we are "free Market" and we can let the banks fail, and the currency and the whole damn system can fall into chaos or you are not. It's the talking out both sides of your mouth... Like "Oh! I just changed my mind". Then on the way back up you are all "oh!!! I'm for free markets"
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
Saturday, March 28, 2009
saturday
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