Great Expectations
Word is Treasury Secretary Timothy Geithner will speak next week to address details of the bailout plan that have remained in a cloud of uncertainty since early Presidents’ Day week.
Calculated Risk’s advice in three words or less.
Stress Test. Explain.
Clamor for nationalization — temporary, shock-and-awe style “pre-privatization” — grows. Expectations soar. So many who know so much will swoop like the feathered hord in Hitchcock’s “The Birds.” We won’t hear the end of what’s wrong with every idea, every program, every strategy out of Washington, D.C., until these people who either never sleep or don’t have employment right now can get something to take their brains out of suggestion-box mode and get out and do something.
Credit President Obama for elevating expectations to unreachable heights. We haven’t elected anybody in recent history who we’d permit to disappoint us so deeply.
So, we turn for solace and a smile to Indexed–life amplified to stick figures for the hard of doing-the-math. X and Y axes are your friends here.
This one's called: "And that's not always so bad."
Comments
Leave a Reply