Monday, October 08, 2007

Why Shouldn't the Stock and Financial Markets Keep Rising?

There are certain memes locked into the public discourse for which the reasons for being locked in I don't understand. Like Our Beloved Leader actually sets policy or even, most of the time, selects "his" "aides".

And this is the second: Why a devise for making money by speculating, fueled not by responses to reality but simply all the loose cash for growing wealth with no where to go since it isn't taxed to, like, pay for schools or the Iraq fandango or children's healthcare or whatever, shouldn't just keep rising independent of reality.

This piece just shows the continued life of that meme that the stock market has any significant relationship to the economy as opposed, basically, to the economy of the wealthy. I mean, if the subprime disaster isn't enough to slow it down....

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