best when viewed in low light

11.08.2007

You Say Slow Growth, I Say Recession

But a word is just a word, right? A recession by any other name would decrease the immense buying power of US consumers, the value of the currency, and the productivity of all industries.

I know I used to make fun of Alan Greenspan being a propped-up corpse like Weekend At Bernie's or Bob Barker, but now I miss the old cadaver.Bernanke doesn't inspire anything but skepticism, and a suspicion that the administration's propaganda machine created him in CGI and then spits out whatever bullshit necessary to make people spend on credit.

And that would be ok, if our fantasies of world domination were anything other than fantasies. Or inevitably transient.

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