Category Archives: economy

Icelandic Meltdown

October 8, 2008 – 3:03 pm

Last weekend our friend from Iceland came into the city for a show. His art work represented his belief that everything is being destroyed soon after its moment of creation. “Or even before that.” Gutjon wasn’t sure when the cycle of chaos began or ended, however his native Iceland has won the undesirable title of […]

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I was wrong. 9500 Is Not The Low.

October 6, 2008 – 2:05 pm

On Sept. 26, 2008 I predicted the Dow Jones would freefall to 9500. The market resisted the inescapable tug of gravity for two weeks, then opened this Monday with the grim desperation of a 1929 banker standing on the window sill. “Sell, sell, sell.” The Dow Jones dropped over 700 points today to sink below […]

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Gimme Gimme

October 1, 2008 – 10:35 am

My good friend Keith Raywood sent this letter from Progressive Review (www.prorev.com) Dear American: I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude. I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need […]

By Peter | Also posted in america | Comments (0)

Thailand fundamentally sound

October 1, 2008 – 10:28 am

Thailand’s government has pronounced that the country’;s financial institutions are quite capable of handling the present economic chaos, although their confidence sounds eerily like GW Bush’s declaring, “The US economy is fundamentally sound.” The SET has fallen 30% in 2008 as foreign investors cash in their portfolios to shore up their homeland investment. That money […]

By Peter | Also posted in Thailand | Comments (0)

The Panic of 2008

September 21, 2008 – 5:30 pm

A good leader has been defined as the ability to hide your panic from others. This past week the New York Stock exchange gave investors the frights with a free-fall of 500 points on Monday. President GW Bush responded to the closure of two of America’s largest investment firms with an admission to the press […]

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