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Me and Sylvia, on the Potomac (September 2010)

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Jeremy's journal

The alternatives are not placid servitude on the one hand and revolt against servitude on the other. There is a third way, chosen by thousands and millions of people every day. It is the way of quietism, of willed obscurity, of inner emigration.

J.M. Coetzee


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🦋 Neither a Borrower nor a Lender be

So Bear Stearns is done for. (I did a fair amount of work for them in my first job.) Good analysis from John Quiggin.... More from Jared Bernstein. Nouriel Roubini asserts that it is not in the Fed's power to be of much help here.

posted morning of Monday, March 17th, 2008

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