I failed to use a caveat – there’s still a lot of tumult and fear ahead – the panic would have started a couple weeks back rather than later. I’ll keep the metaphors simple. We’re not out of the woods by a long shot. I agree these over-leveraged and “confidence” firm business models deserve everything that’s coming to them. Nothing goes up forever. The law of gravity applies to everything on this planet as far as I know. Remember too, these “organizations” would likely never have had the opportunity to cause this mess without the help of the Fed and monsieur Greenspan. Talk about a metaphor master. He baffled everyone by mumbling incoherently in his inimitable “Alspeak” and after retiring suddenly sounds like a master speech language pathologist.
