[lbo-talk] Mainstreamers Turn on Neoliberalism

dredmond at efn.org dredmond at efn.org
Mon Oct 6 21:18:12 PDT 2008


Bill Pimco on fear and post-imperial loathing:

"America in all its resplendent free market capitalistic glory is on the auction block with few bidders. How this came to be is obvious in retrospect: too much exuberant leverage, not enough regulation... You may have more to add to the list, but frankly there isn’t enough time. Historians can sit back and reflect, but at this very moment, America is for sale and there is fear and trembling in the auctioneer’s voice."

http://www.pimco.com/LeftNav/Featured+Market+Commentary/IO/2008/Investment+Outlook+Gross+October+2008+Fear.htm

-- DRR



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