Go-go

Wooo-wee! The hysterics running the markets, that o-so-rational beast, are frothing at the mouth after a bomb run of a Monday in the international gambling pits. “Wall Street” is yo-yoing after a Fed rescue mission; must be those damn unflattering smocks they are forced to wear on the floor.

This traitor-to-his-class has a great piece in Harper’s on our bubble economy. Others call it casino economy, gambling nation, or lottery fantasyland, but whatever you want to call it, it’s all about speculation and the hysteria of mobs. That is our only growth mechanism. Janszen breaks down the internet bubble (glory days!), the bursting-as-we-type housing bubble, and wonders what’s next. The alternative energy market!