he was off playing bridge at a tournament last week & didn't bother to
come back when news of the collapse & bailout reached him. He done the
same (golfing that time) when the previous crisis (those junk-mortage
bubbles deflating) occured.
Pierre
On Mar 19, 2008, at 8:06 AM, Barry Alpert wrote:
> Last evening while watching television I caught the end of an
> interview with someone who supplied
> outrageous details about the "managerial behaviour" of the CEO of
> Bear Stearns. Can anyone refer
> us to the most revealing tidbits available online?
>
> Barry
>
>
> On Tue, 18 Mar 2008 20:06:50 +0000, Roger Day <[log in to unmask]>
> wrote:
>
>> re: the thirties. I think it's something along the lines of don't
>> mention it, and it won't happen. What pisses me off is that the whole
>> deal is of the bank's making and we're the ones at the sharp end of
>> their pontification over the years. Grrr.
>>
>> Roger
>>
>> On Tue, Mar 18, 2008 at 3:08 PM, Douglas Barbour
>> <[log in to unmask]> wrote:
>>> Where will we find the Cantos for this (from The Independent)?
>>>
>>> Is this the moment? The moment, that is, when the world economy
>>> slides
>>> into slump? The collapse of Bear Stearns is a signal of much worse
>>> to
>>> come. Perhaps the most significant barometer of the economic
>>> health of
>>> the world today isn't the FTSE 100, the Dow or the Nikkei, dreadful
>>> though they were at times, nor the free-falling dollar or the
>>> soaring
>>> value, yet again, of gold. Rather it is the suddenness with which
>>> the
>>> situation is being compared with the 1930s, the most miserable
>>> decade
>>> in a century of economic history.
>>>
>>> That may be an apocalyptic view, a typical product of the mood
>>> swings
>>> of markets suffering from bipolar syndrome; but the world economy is
>>> sick. It is suffering from illnesses that are beginning to feed on
>>> each other, creating a vortex of downward spirals. Grim forces have
>>> gripped the world economy, a combination not seen since the Great
>>> Depression.
>>>
>>>
>>>
>>> I especially liked the reference to 'bi-polar syndrome,' an answer
>>> not
>>> available back in 1929....
>>>
>>>
>>>
>>> Doug
___________________________________________________________
The poet: always in partibus infidelium -- Paul Celan
___________________________________________________________
Pierre Joris
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Nomadics blog: http://pjoris.blogspot.com
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