Sunday, April 5, 2009

Shrugging off the markets

Is there going to be a depression? Has America gone socialist? Will Britain have to buy Iceland? Who knows?

Well, I freely admit that I know next to nothing about the stock market. It's not my thing. But what really freaks me out about this whole story is that nobody else seems to know what the hell's going on either. Every banker, broker and TV newsreader in the world must have sore shoulders from shrugging ‘I don't know' to each other.

Luckily, I can afford to be glib. Thanks to my inherent distrust for the stock market, I have very little money tied up in the mess. Well, to be honest, I have very little money period. But that's not the point. The point is that you reap what you sow. If you reward obscene profits with laissez-faire regulations then you get greedy corporate pigs with no concern for consequences or casualties.

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