Thursday, August 12, 2010

QOTD

Well, actually it was from yesterday, but it sums up the state of our economy in pharmaceuticals so everyone with a cabinet full of meds can understand it....

“What we had was a government-prescribed course of amphetamines (to keep it up), antibiotics (to prevent infection) and antidepressants (to make it feel better). It endured regular steroid injections from both monetary and fiscal authorities. And it still has no real muscle.”

In second place for quote of the day would have to be Sen. John Boehner who offered up this gem

"The only way we're going to get our economy going again and solve our budget problems is to get the economy moving."

Now, that's some powerful analysis.

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Markets around the globe have stabilized after yesterday's sell-off. Trading can get a bit dicey at this time of the year because most of the big boys will take the last 2 to 3 weeks of August off to hit the links on Nantucket. That leaves last year's starting goalie from Princeton's Lacrosse team running the trading ops and screwy things can happen with rookies at the helm.

** Update: the initial claims data has whacked the markets a bit here we'll see if it picks up any steam.

1 comment:

Mark Flaherty said...

2 comments today. Did you know that second quote made it on Jon Stewart last night? Nice choice!

And you have a PU alum working for you? I am PU '90 and a fan of lacrosse so pass on a hello, a few classes removed.