Rough God Goes Riding
Wednesday, December 3rd, 2008Music for Our Times
The turbulence in the financial markets shows no sign of ending. Commodities buyers, including food companies and airlines, suffer large losses from ”hedging” programs as prices plummet. “Hedge” funds suffer losses that are exacerbated by the high leverage applied during calmer days; redemptions are limited. Industries and unions beg for our tax dollars. State governments beg for our other […]
