Capitalism Will Eat Itself
Merrill Lynch: numm, numm, numm. Lehman: nibble, nibble, nibble. Fanny Mae: chomp, chomp, chomp.
Greed greed greed: dig in, dig in, dig in... All you can eat until you disappear down your own profit motive.
(Image the Red Baron, whoever the fuck he is)
And in France a real contender in the next election is The Anti-Capitalism Party. Good on 'em. Drive as many tractors as you want into McDonalds...
Mind you, I've done pretty well riding on the profit motive wave myself, but the downright evil-doings of those who dreamt up the short-term gain pyramid scheme of the Sub-Prime Mortgage disaster have set the world up for the next Great Depression.
Libertarians and right-wingers will say it was because there was too much regulation and legislation. I say, the world and the people know better.
Government is the only power, gives the only voice that people have against rampant corporate greed. Regulations and control, check and balances, are the way to rein in the saurian stupidity of the self-interested corporations. (Not counting the Bush Corporation/Government of course.)
John Raulston Saul said this, I'm saying this, Paul Krugman says this.*
Peanuts Strip in ST today says:
(Only an egoist like myself would put my name in their company, but, you know, it's my blog.)
OTHER MONKEYS SAID
There is nothing wrong with pandering to your own ego...its kind of like those Investment Banks pandering to their own deluded belief in the subprimes...just be careful you don't eat yourself :-)
WOW E@L, your are now diving into the commentary world of global banking and finance. New resume entry?
Indy: I've leave THAT to the experts.
HKSNG: Yes, open a new tab on JobsDB for me: I have this immense knowledge of world economics and global finance - I read The Black Swan (mostly, until it got too repetitive).
Relax. The fundamentals are sound. McCain said so. And Sarah is going to clean up Washington and Wall Street.
and following mah darlin dicky's train of thought...
and i have a bridge to sell, sugar...
And George Soros said it this morning. Deregulation is the reason... as AIG now needs a bailout from a bankrupt goverment. Who next? Everyone? It's Russian roulette with the world's finances. Let's keep pulling the trigger - the last 5 chambers have been empty, so odds are the next one is as well, right...
The turkey loves all his attention and good food. Life is great, this is going to keep up for ever, right? Hey it Thanksgiving next week, I wonder what special treat my kind master will give me?
btw, Sarah can see Russia from her living room!
Sarah can suck my.........
Market is now down 900 points cumulative......."Its only a loss if you sell."
It's just panic selling.
Ergo: You only sell at a loss if it's a panic?
Not me, I can lose my money in cold blood...