Bollettino
The swing set
Ah, so the 600 billion dollar -- Krugman prices it out at 800 billion - tax cut has been passed. The price tag in the headlines is, as everybody knows, a joke. We are in an extremely bizarre time. As the deficit piles up, we get a tax cut that is thinly justified as an attempt to bootstrap the market. Yep, get those equities flyin' again.
At the same time, the Bush administration is gambling with the dollar. This is, perhaps, all they can really do -- the brain-dead people in Bush's Treasury have no other options. So the race is on to press the dollar downward.
Now, LI is a simple country hayseed -- shucks, we just tried to buy the Brooklyn bridge from a passin' stranger yesterday. Yet even we noticed a curious disparity between the two strategies. Like, ain't it true, like they teach in the one room schoolhouse in the Hollow, that when you devalue the dollar, money flows to assets tied to other currencies? And don't that promote
“I’m so bored. I hate my life.” - Britney Spears
Das Langweilige ist interessant geworden, weil das Interessante angefangen hat langweilig zu werden. – Thomas Mann
"Never for money/always for love" - The Talking Heads