Belmont Club

By Richard Fernandez

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The ghost in the machine 2

August 14, 2008 - 2:17 pm - by Richard Fernandez
buddy larsen
2008-08-14 17:44:26

cyc, i dunno, but it is rather good fortune that the financial crisis resulting from unsustainable rates of global growth –being in my mind an inescapable resetting of a system that has to be let run wild due to restraints having far too large an opportunity cost –will, judging by the August performance of the Dollar and the USA bank stock prices, by November have made it clear that a strong recovery is underway. An election in the bright light of a suddenly bouyant economy ain’t half bad for the (cough) incumbent party.