Tuesday, August 14, 2007

Footsie loses heart as Wall St woes continue

Business News

Deepak was nearly right when he said 100 points yesterday. I thought it might dive yesterday, but it rose 3% so I can eat humble... However, I think it may be level (ish) tomorrow and then dive Thursday/Friday. What are the current views? By the way, where have all the contributors gone from David Smith's blog? I always found them interesting even if only to consider how wrong they were!

Posted by orwell @ 06:31 PM (458 views)
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3 thoughts on “Footsie loses heart as Wall St woes continue

  • Noshbag Smith hasn’t been relevant to anything for some time. The current situation is well beyond his experience.

    All he can do is feebly murmur about the “rude health” of the world economy. He’s not so much an economist as a reactionary cheerleader. Like these guys but not as bright:


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    What would we do with out you?

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  • The publisher Leopold Ullstein wrote: “People just didn’t understand what was happening. All the economic theory they had been taught didn’t provide for the phenomenon. There was a feeling of utter dependence on anonymous powers — almost as a primitive people believed in magic — that somebody must be in the know, and that this small group of ‘somebodies’ must be a conspiracy.”

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