Posted on 09/10/2008 11:11:41 AM PDT by Schumpeter
The Obama campaign seems to have experienced a "Minsky Moment." That, as any financial bubblologist worth his weight in tulips knows, is the particular point in time when no more "greater fools" can be found to support a bubble and a Great Deflation finally begins. Sssssss. (The financial phenomenon is named after economist Hyman Minksy.)
Now Obama's Minsky Moment is morphing into the McCain Moment. The evidence? Here goes: 1) The final 10 national polls in June had Barack Obama up by an average of 7 percentage points. The past eight polls this month have John McCain up by a bit more than 2 points, according to RealClearPolitics. 2) Right around the same time that Obama's polling lead was entering landslide territory in June, his odds of victory over at the Intrade betting markets were hovering at a sky-high 70 percent. Today, Obama's chances are right around 50-50 vs. McCain. 3) And now, according to a New York Times story yesterday, the deluge of donations has started drying up: "Pushing a fundraiser later this month, a finance staff member sent a sharply worded note last week to Illinois members of its national finance committee, calling their recent efforts 'extremely anemic.'"
Speculative bubbles have come in many different varieties: flowers, railway shares, Florida property, Beanie Babies, comic books, technology stocks, exurb McMansions. Does Candidate Obama qualify? Well, the candidate does sound a bit like a lot of the hot Internet companies back in the late 1990s. Not much of a track record. Lots of media hype. Parabolic ascent. And now a stomach-dropping decline.
(Excerpt) Read more at usnews.com ...
The emporer of the world has no clothes.
But will Obama be able to bounce back? All the polls show McCain gaining, but can it last?
He left out the other 7 states!
There's your problem!
Well if Obama was indeed a stock, his symbol would be PUTZ.
Great article! Interesting analogies. Well worth the read.
I always figured that his 19 month compaign was a mistake. People got to know him better than he wanted. Obama has to learn, maybe the hard way, people aren’t as stupid as he thinks they are.
“he emperorer of the world has no clothes.”
He also has no soul, no morals, no patriotism, no guts.
HA HA!
OBAMI SURROGATES: "Are they going to roll out Obama-girl soon or what?"
“The emperor of the world has no clothes.”
He also has no soul, no morals, no honor, no patriotism, no guts.
Obama doesn’t wear well, which is why he barely limped across the finish line after a string of losses to Hillary at the end. Thank god for the super delegates.
0bama’s one-hit wonder “I am the Hope & Change of the World” got overplayed on the radio, and now everyone is tired of hearing it. So he came out with new songs: “I’m a Greek god,” “My opponents are pigs and smell bad” and “Why are you picking on me?” These songs are not hitting high on the charts even though the “music critics” in the msm are saying great things about them.
On the other hand, Sarah Palin has the hot new hit “This Pitbull Wears Liptsick.” Even though the professional critics are panning it as trite, it’s going nuts on the charts. And, the best part; it’s not being overplayed on the radio. She has not appeared a lot on talking head shows, etc..., since the convention. Good. Keep the supply restricted, it will keep demand up and prolong the time at the top of the charts.
It’s all about character, and Obama’s character has gone missing, long ago.
There are liberals who vote democrat no matter what. There are people who are open to something else than the Republican brand even though they are in denial about what they are buying. McCain’s pick of Palin might save the WH from the democrats but it will be damned close if he does.
One can only hope that McCain/Palin don’t peak before the election. This race is still too close.
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