Re: [lwside1] Re: Here yah go, Congress is against short selling !

[stephen block <stephenb@xxxxxxxx>]

Well Henry, it says "House Democrat", singular. But we can hope. In the same
vein, when the market climbed 360+ points yesterday, without following
precipitously today, I had this sense that the rules of the game had been
(temporarily?) reset and that perhaps there is the opportunity to
reintroduce discussion not heard in a decade or more. As I mentioned last
time, the phrases "deficit spending" and "stimulus package", remarkably,
have cropped up recently in tv discourse. And I have a sense that it is
quite different than what happened in 1987 when all the usual suspects fled
to the hills and were unavailable for comment for weeks after the Oct market
dive; but then returned, nearly unruffled by the episode . This time it
seems as if they are compelled to recognize at the least the medium term
implications of the psychological transformation which has befallen the US
and the fact that war profiteering will not be tops on people's lists of
patriotic duties.

But best, it may allow PKians to regain some steam in a period where the
fundamentalists of many different kinds (except the militarist variety) are
on the defensive and even on the ropes. In many cases it is they, and
journalists, who are raising questions Keynesians traditionally have (re:
various types of stimulus and their relative successes). There is no reason
why the discussion cannot be prolonged. Unfortunately Democrats are still
too timid and are obviously trying to hide behind patriotic messages. That's
fine in the moment, but this analysis obviously needs to be expanded to
discussions which lie beyond war efforts.

Stephen Block

>
>
> Short sellers targeted
> House Democrat asks SEC to put a temporary halt on short selling
>
> Market fundamentalism appears to be the collateral damage of the 911 attacks.
>
> Henry C.K. Liu
>
>
> Dennis Shumaker wrote:
>
>> Dennis Shumaker wrote:
>>
>>> Are you short?
>>> Did you know that you are a terrorist?
>>> They're coming to get yah!
>>>
>>> Dennis
>>
>> Here's the article:
>> http://cnnfn.cnn.com/2001/09/24/news/wires/shortsell_re/
>>
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>