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Dead Donkeys, Economists and Wall Street
Of course, you have heard a variation of the dead donkey story. An economist bought a $100 donkey from a farmer. The next day the farmer informs him his purchase died. "That's Okay," the economist says. "Send me the carcass."
Weeks later the economist admitted that he had raffled off the hapless creature without telling ticket holders the animal was dead.
The farmer asked. "How did you placate the raffle winner?"
"I refunded him five times his ticket price."
http://www.ourfuture.org/blog-entry/2009031006/wall-street-economics
Outrageous Comedic Times at Bloomberg's
Comedy Central was funny until it developed a social conscience. Every day I encounter soup kitchens and limping destitute. I really don't want to see this.
Instead, I rush home to livestation.com to watch the laugh riot on Bloomberg's business channel.
Wall Street lives! Breathless young dears flash full bust lines at the balding gnomes of Wall Street. Bravely, the gurus select marginal events that signal a possible uptick in the economy.
The audience gushes with 'oohs' and 'ahs' at the mention of derivatives and collateralized debt obligations. They applaud when Citibank down from $55.00 registers a gain to 97 cents.
Who can resist buying a share of Citibank for less than the price of a cup of coffee?
My Eurodollars hidden on my hip, I am buying greenbacks with my shekels. The modern dollars appear less green, as if there had been a drought at the Mint.
We ask the eternal questions. Have we hit rock bottom? Or, is this merely another bear rally? The President sneezed; get my broker on three!
