From: spike66 (spike66@attbi.com)
Date: Thu Aug 08 2002 - 18:45:14 MDT
Colin Hales wrote:
>Samantha Atkins
>
>>...Trillions of dollars of investment income, the
>>very stuff essential to beginning and growing new businesses and
>>the accumulated savings of the world, have been blown away...
>>
>
>I wonder about this sometimes. Exactly what has been 'blown away'?
>Take a look around you. Trees, flowers, cars, houses, weather....it's
>all still there.
>
>What's gone is a pile of 'notional value' - the rights to things
>as yet not done. 0s and 1s in a computer memory. All we have to do is
>'believe' them back into existence.....this is what the herds of
>bulls and bears are doing, bouncing from hangover to rumour to
>inuendo to weather report. colin
>
A short and stunningly insightful comment by Hales. May I print it
and hang it on the wall of my office? Colin, you get my wholehearted
nomination for post of the month. spike
p.s. Anders should get webpage of the month for his list sociograms.
{8-] s
This archive was generated by hypermail 2.1.5 : Sat Nov 02 2002 - 09:15:58 MST