Fw: frank miller OR, IS THIS STILL THE PYNCHON LIST?
Richard Fiero
rfiero at gmail.com
Thu Dec 1 13:25:49 CST 2011
There are three forms of the Efficient Market Hypothesis which state
that you cannot get information about markets which is any better
than is publicly available to everyone. The premise is that markets
are efficient and that all information is already priced in before
you can act. Recent events have shown that markets are not efficient
and can break. Cramer has entertainment value only.
On another topic which should have been obvious to me but wasn't: we
let people like Alice, who is just having fun at our expense, call
OWS anarchists and nihilists but this is backwards. OWS wants a
stronger central government and a decent social democracy where you
pay your taxes and get your services. Any good Libertarian would call
OWS a bunch of statists. Now that the oligarchs and their minions are
no longer afraid of World Communism, they feel that we peasants can
do without jobs, health care, pensions, education and a post office.
Expect to see your postal clerk in something like a Subway cap
working at a mini-mall counter without pension benefits, health care
or bargaining rights. The old Post Office real estate can become
condominiums, car lots, high rise malls, whatever. It will be great.
More information about the Pynchon-l
mailing list