Tuesday, October 14, 2008

market as hungry god...

"The lenders of last resort have come into save the day," said Scott Richter,portfolio manager with Fifth Third Asset Management. "It's what the marketwanted."

Vancouver Sun, "U.S. stocks rally on bank plan," yesterday.

Fetishism: ...the belief that commodities possess human properties.


Renegade Eye said...

The market is unable to make up its mind. Since becoming global, it has become ambivalent.

Anonymous said...

I don't know whether to be amused or troubled by the fact that the "direct equity in financial institutions" solution (ala the Swedish banking crisis) that so many on the left have favored is--according to those who knew him best--the solution that would have been favored by Milton Friedman--
http://tinyurl.com/6qarks .

Anonymous said...


Commodity Fetish?

matt said...

Warm Leatherette?

I fear we may inadvertantly change the subject.