Wow -- Citicorp says it made a profit and in no time the Dow is up over 600 points!
Heck, if that's all it takes to motivate investors to infuse job-creating money back into the economy, it's time to publish additional in effect fiction about other key financial corporations too.
That Citicorp made a profit in a small span of time in no way means anything substantial ... and likely means they are simply large enough to absorb losses from one unit into another ... and that they may also still be up to the same temporarily profitable stupid banker tricks that got us into this mess in the first place.
Such vaporous inflated motivation works both ways: it can create hysteria of either the paranoid or the far too trusting kind.
What is needed now is solid substantitive information complete with actual evidence of what is truly working effectively to reverse the downward spiral for good, not placeboes that will soon fail to prevent the Dow from plunging below 6,000.
Regardless, I find it unsettling that the world's supposedly most brilliant financial minds can react so knee-jerkishly to Citicorp's announcement.
Hunches may work in Las Vegas ... but only for a time.
Until someone develops a proven effective way to beat the dealer, hunch-based winnings soon become greater losses, as the house -- in this case, the Money System -- always wins against hunches.
Heck, if that's all it takes to motivate investors to infuse job-creating money back into the economy, it's time to publish additional in effect fiction about other key financial corporations too.
That Citicorp made a profit in a small span of time in no way means anything substantial ... and likely means they are simply large enough to absorb losses from one unit into another ... and that they may also still be up to the same temporarily profitable stupid banker tricks that got us into this mess in the first place.
Such vaporous inflated motivation works both ways: it can create hysteria of either the paranoid or the far too trusting kind.
What is needed now is solid substantitive information complete with actual evidence of what is truly working effectively to reverse the downward spiral for good, not placeboes that will soon fail to prevent the Dow from plunging below 6,000.
Regardless, I find it unsettling that the world's supposedly most brilliant financial minds can react so knee-jerkishly to Citicorp's announcement.
Hunches may work in Las Vegas ... but only for a time.
Until someone develops a proven effective way to beat the dealer, hunch-based winnings soon become greater losses, as the house -- in this case, the Money System -- always wins against hunches.
