Posted on 06/26/2010 8:58:02 PM PDT by buckrodgers
I heard it five times this week, twice Tuesday in a Wall Street bar, two times during the day chatting with investors and then last night at dinner with a pal, an old pro trader from down the block. All said the same word, as if programmed, like pod people in Invasion of the Body Snatchers. The word? Malaise. All of the people who used this term were older, friends from the days of trading, wizened veterans of other terrible markets and of course, people who came of age during the Jimmy Carter years, where the unlamented president talked about the malaise in America and how the country was going in the wrong direction, coincidentally in large part because of failed energy policies that produced gas lines and a lack of energy independence. He talked about a dispirited America where people for the first time thought that the next five years would be worse than the last five years. When you read the speech -- it can be Googled simply by typing in "Carter" and "malaise," the speech was that well-known, and, yes, well-scorned -- it resonates today as if it were given by the man in the White House. I am surprised he's not giving it, but he knows better: Carter never recovered from it. Malaise.....
(Excerpt) Read more at finance.yahoo.com ...
Ah, come on! The only person I’ve heard talking that way is little Timmy Geitner.
And he has to, just to please his boss.
When is the misery index going to kick in?
When is the misery index going to kick in?
When is the misery index going to kick in?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.