Comments on: Of goats, charlatans and whitewashers

By: Joe Smith

Joe Smith — Tue, 17 Nov 2009 11:08:37 +0000

For

those searching for the article in my previous post, here is more info. It is by the Newsweek columnist Rana Foroohar and has the by-line “Boom and

Gloom”. The current url (this may change) is http://www.newsweek.com/id/220402 .

Joe Smith — Mon, 16 Nov 2009 14:49:10 +0000

There

is a good article in the latest edition of Newsweek pointing out that we are passing through an after-bubble bubble. That is to say financial

markets are taking advantage of the government intervention caused by the original bubble. The good news is that this bubble will also burst, and

so will any subsequent ones, until the underlying systemic crisis is dealt with.

Brian P. Smith — Fri, 13 Nov 2009 14:34:42 +0000

All I would like to ask is “Why can nobody see that these experts are simply stating what their masters want to hear – that all is well

with the financial world?” When will the people in power understand that these experts cannot be trusted to run their own finances, let alone those

of the world?!

And as for the “carry trade” – I have long felt that trading finances (which produces no real benefit in the way that the

manufacturing or service industry does) is based on, at best, very dubious moral principles and, at worst, nothing more than unbridled greed!