Word: bigs
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Dates: during 1980-1989
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SIMPLE MINDS: STREET FIGHTING YEARS (A&M). Superb rock with a big thematic reach and the rhythm to boost its high ambitions. Belfast Child, a heart-torn vision of the Irish troubles, is more evocative, and more devastating, than a hundred editorials or a thousand speeches...
...opinion, derived by computer analysis of 50 leading indicators or by going out and staring at the moon, depending on one's methodology, is that the future looks bad. The audience of gray and balding heads does not know if the economy will make a soft landing or a big splat, but for now they have their assets safely tucked away in Treasury bills and money-market funds, where the 9% or 10% return makes it O.K. to be boring...
...alternative press" of the era. The wished-for kinship is not with some Age of Aquarius tabloid, of course, but with pamphleteers like Thomas Paine and Alexander Hamilton. The newsletter gurus see themselves as disabusers of Wall Street myth, as missionaries of economic truth. Since readers can lose big money if their guru is wrong, the work is fraught with the peril of being hanged, though only in effigy...
...newsletter editor, suggests that Frank is a ringer, a "riverboat gambler" suitably disguised by self-deprecation and a digressive academic manner. Frank replies that Allmon, who has lately kept his portfolios in cash, just can't handle the action anymore. He's got "gun-shy." Las Vegas is not big enough for both of them...
Then they go home and mull it over till the next big conference, which happens to be in June in Monte Carlo (admission $695, and no freebies). The title, "How to Profit from a World on the Brink," suggests several interesting possibilities: a) starting a financial newsletter; b) playing host to an investment conference and bringing in dueling newsletter editors for entertainment; c) before you subscribe or attend, locking up all your money in a certificate of deposit at 10%; or -- and we have to admit we like this one best, diversification being a very big idea in the investment...