Economic Thought for the Day

[John Raabe]

Since we are all immersed in the quickly rising waters of the USS Titanic economy, let's forget the iceberg we hit (quickly receding into the distance) and look at the ones up ahead that we might still avoid.

Here's a link to my pick for the Economic Thought for the Day

"We're living in an age when a vast excess of capital sloshes around the world fueling cycles of bubble and bust. When the capital floods into a sector or economy, it washes away sober business practices, and habits of discipline and self-denial. Then the money managers panic and it sloshes out, punishing the just and unjust alike."

David Brooks, here: http://www.nytimes.com/2008/09/30/opinion/30brooks.html

[glenn kangiser]

I'm waiting for it to slosh back this way.