> Let's no be so parochial. "The economy" is worldwide. Argentina and Turkey
> have been hit by enormous crises. Japan's stock market closed yesterday at
> the lowest level in 15 years.
I'm with you, Lou! And the people in Indonesia, the Philippines, and all
points south of the Algerian coast might have pause to wonder at the direction
of progress, too. 'Funny thing is, we live in a world that measures the worth
of neoliberalism by way of the fortunes of Yancqui stock markets. Now, back
in '97 and '98, it seemed to me a lot of money from benighted venues was
running off to Wall Street (even Oz markets took a fleeting boost), but I
notice the savaged world's salvaged funds aren't heading that way this time
'round. At least not yet. The Nasdunk is nudging the 2100 level as I type
and the Dow is as droopy as it has been ever since the wonderful days of SE
Asian devastation.
Theory might tell us there's a major accumulation crisis on the go. Empirical
evidence seems to be suggesting that homo armanirolexicus has read the theory.
They sense a storm but they can't seem to find a port.
Or am I being a bit previous?
Cheers,
Rob.
