Wednesday, October 15, 2008

Nothing To See Here! Move Along!

For the love of money...

Can they just shut off the stock tickers or something? The focus on the Dow's precipitous decline as the symbol for the continuing economic meltdown has gotten beyond annoying. Today had its largest drop in twenty years. But the Dow Jones Industrial Average doesn't matter. The Stock Market is just a vestigial limb, a parasite attached to the real economic indicators. But those tickers make a nice visual so they get plastered all over the news.

To see how the economy is doing you have to pay attention to things like the credit market or like retail sales which...


I think it's time I started working on my flintknapping techniques.

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