I am about half way through my morning reading on-line. Haven't found much to comment on. Yesterday's stock market seemed a bit manic-depressive. But no matter--it is still out of touch with the real economy. Out of curiosity I just checked Market Watch to see what the markets are doing and right now all are down. That slightly-more-than 400 point gain the Dow had yesterday has been almost cancelled out. In a summer of re-runs this is all too familiar. As is yesterday's trading range of -400 to +400. I wonder how the pundits are going to spin this. Of course by the end of the trading day the reversal may have reversed itself. As I said--manic-depressive on a massive, collective scale.
I read this item yesterday and I immediately thought of a quip from a favorite fictional character, Robert Heinlein's Lazarus Long: In a government of the people, by the people, for the people--DON'T tell the people. Evidently that applies even to those governments that hove no tradition of (usually violated) reverence for the people.