Display:
It is precisely the opposite of what happened after the Great Crash of 1929.

Is that reassuring?

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Mon Sep 22nd, 2008 at 12:04:17 PM EST
[ Parent ]
Onward to the Great Boom of 2009!

Juan Cole is not happy:

Informed Comment

I have concluded that Americans, who pretend in public to be straightlaced, are in fact rabid masochists addicted to whips, black leather and the application of fists. It turns out that large numbers of people throughout the world are accidentally asphyxiated every year because they need to be choked for maximum pleasure.

The diagnosis of national masochism is the only thing that can satisfactorily explain the poll numbers in the presidential race.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Sep 22nd, 2008 at 12:08:12 PM EST
[ Parent ]
That has been my major question all weeekend....how are they still over 40% ?

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Sep 22nd, 2008 at 03:40:32 PM EST
[ Parent ]
It's a short blog so I didn't want to quote it all because of fair use etc. - but basically, no, Peston sees this as a bad thing.

Perhaps I should have left the line about it being the opposite of 1929 because it's the opposite of the Glass-Steagall approach, in.

by Metatone (metatone [a|t] gmail (dot) com) on Mon Sep 22nd, 2008 at 12:40:45 PM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series