On Apr 6, 2009, at 11:30 PM, Doug Henwood wrote:
>
> I'm no fan of this scheme, to put it gently, but this assumes that
> the "market" price - based on thin trading in panic conditions - is
> somehow the right one.
Panics, by definition, are momentary. The last one (if it really was a panic and not a bluff) was last September. What we have since then is recognition of the depression. The "market price" is the estimate of real value by the same swindlers whom Obama asks to set the price at which the US gov't is to bail them out. Does anyone imagine that the two prices will be the same?
Shane Mage
> This cosmos did none of gods or men make, but it
> always was and is and shall be: an everlasting fire,
> kindling in measures and going out in measures."
>
> Herakleitos of Ephesos