October 2008 - Finance

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  • Byways and Tribal Capitalism

    I have been indulging in leisure again. For nine days I backpacked along the ancient Ridgeway, the superhighway of Neolithic Britain and a trade route into the modern era. Starting about 6,000 years ago, (roughly the time Sarah Palin imagines Adam and...

  • We had to burn the village to save it

    The title of this diary is a quote from the Vietnam era that sums up for many the arrogance and pointlessness of American aggression in Asia two generations ago. It keeps coming to mind each time I read President Bush’s (paraphrased) statement this week...

  • Turbulence and Trends

    A trend is a trend is a trend. But the question is, will it bend? Will it alter its course through some unforeseen force and come to a premature end? -- Sir Alec Cairncross I’ve had a lot of meetings this week, and very little time to reflect on fast...

  • Financial Eugenics: The Paulson Plan for Survivor Bias

    As I write this I don’t know the outcome of the attempt to ram through legislation for looting the US Treasury of $700 billion before the end of the Bush administration. I suspect that Congress will force the passage of the bill in some form because the...
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