machinehead Posted December 5, 2002 Report Share Posted December 5, 2002 soup1 pointed out in Intraday Stool that the Daily Reckoning has posted a great essay by the Mogambo Guru. You've gotta read this. "See, what we would do is print up the money," says Gilligan, as he writes dollar signs all over a blackboard. "And then the added supply of money would enable us to borrow against our equity of everything on the island, then we could use the borrowed money to buy some airplanes, and then we'll all fly home!" "It takes a really, really special kind of person, the kind of person kicked out of the Marines for being too aggressive, for instance, to bet that rates will actually fall from here. The invisible rays that emanate from that kind of testosterone will cloud x-rays, so be careful if you stand next to one in the elevator." http://www.dailyreckoning.com/body_headlin...ine.cfm?id=2703 "Mogambo Sez: This is truly a watershed moment in history, and you are there. Things will tend to get very interesting from here on out. Well, "interesting" in the sense of degrees of bad news happening to somebody else. And when "somebody else" finds it interesting watching the bad news happening to you, personally, then perhaps you will find it all even more interesting, as a euphemism for catastrophe." Link to comment Share on other sites More sharing options...
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