The stock exchange opens
g.maclennan at qut.edu.au
Mon Sep 17 08:11:57 MDT 2001
I am about to go to bed. I stayed up to see the drama around the Stock
Exchange opening. It was an eerie experience in a very kind of post modern
way. Thus once more God was asked to bless America in words and music
penned by no less a true believer than Irving Berlin. Even our hymns come
from show business. Then the worker-heroes were allowed into ring the
bell. Much cheering from the traders. That however will be as close as the
working-class gets to the wealth of Wall Street.
As I wind this up I am interested to note that the struggle between
patriotism and self interest has been resolved in favour of the
latter. Despite Greenspan's rate cut - the market is heading down. The
experts are now forecasting a "technical recession" for the USA. We shall see.
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