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Roubini has been particularly apocalyptic, but given how things have gone in the world economy over the past few weeks, it's worth listening to this prophet of doom. Maybe things aren't as dire as he says. But maybe only the prospect of global catastrophe can compel world leaders to act forcefully while we still have some money left...
...markets have gone completely crazy and are reacting in fear to a bad situation in a way guaranteed to make it far worse," says Marc Touati, deputy executive manager of the French economic- and finance-research group Global Equities. "We once had 'irrational exuberance' pushing markets ever higher; now we have irrational pessimism running them into the ground. People have to calm down, or we're in for big trouble...
...that they're driving indexes into the ground and thereby increasing the chance of general economic contamination. "We're back to the most basic behavior of stock markets: people buy when they see everyone else buying, and they sell when everyone else is selling," says Naudé. "Confidence is gone despite the generally quick and positive intervention by governments...
...guitar effects may be gone, but the rhetoric remains on “The Fabled City,” Morello’s second album as his highly politicized alter-ego. However, Morello, who was a Gov concentrator during his time at Harvard, apparently didn’t take any electives in poetry. His heart may be in the right place, but that’s hard to discern as this tepid album plays...
...While the McCain campaign has promoted Palin to religious conservatives as a woman of "strong faith," they have gone to unusual lengths to avoid providing a picture of that faith. In fact, a Palin spokeswoman says the Alaska governor is "not a Pentecostal," and points out that Palin was baptized as a child as a Roman Catholic, although there is no record that her family attended Catholic services before joining the Pentecostal church where she became saved at age 11. The candidate does not even claim the Evangelical label, instead using the code phrase "Bible-believing Christian" to describe herself...