There’s small choice in rotten apples

The Week the Markets stood still;

The parting shot heard ‘round the world -

Prelude to the Green 0 Doomsday Book of the Dead

In Shakespeare’s Taming of the Shrew, Petruchio patiently and persistently disagrees with Katherine and common sense to tame her waspish tongue and break her spirit: The big lie.

He tells her the meat is bad when it’s good. He tells her it is Seven o’clock when it is Two. He repeatedly tells her the sun is the moon, and the moon is the sun, until she finally wearily capitulates:

Forward, I pray, since we have come so far,
And be it moon, or sun, or what you please.
And if you please to call it a rush candle,
Henceforth I vow it shall be so for me.

Act 4, Sc. 2, Lines 188-211

We may have a similar situation in what was once a free enterprise market thought economy.

Despite collapsing trade and growing unemployment, government mouthpieces tell US over and over how things are really getting better.

We saw this in Animal Farm, and we know the result:

The pigs got the house and Boxer the overworked horse got the knacker.

We can fool some of the people some of the time, but we can’t fool all of the people all of the time.

Judging from a recent Client Letter after Uncle Sam forced the Swiss to breach their famed financial privacy, Swiss bankers are neither amused nor blind.

http://www.zerohedge.com/article/farewell-america-switzerland

On 24 August 2009, a Swiss Private banker since 1741 fired the parting shot heard ‘round the world.

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This entry was posted on Thursday, September 3rd, 2009 at 3:51 pm and is filed under Market Psychology. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

 

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