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The Business Press

For various reasons, I’ve been reviewing the business press this morning. I have found frequent claims that investors are selling at “near-panic levels.” It leads me to ask: what would an actual panic look like compared to this? (One is reminded of the frequent description of Bush administration-ordered torture as “interrogation methods tantamount to torture.” Again: what would real torture look like?)

At least for the time being we’re seeing fewer subordinate clauses along the lines of “stoking fears that the US may be headed toward a recession.” The replacement, of course, is not directly asserting that we’re in recession, but a resounding silence. As the man says: “Wovon man nicht sprechen kann, darüber muß man schweigen.”


October 9, 2008 - Posted by | economics, politics, Wittgenstein

1 Comment

  1. Prediction: in Twenty years (or less), the U.S. will have undergone a role reversal with the Muslim nations; it will be our fractured, blundering economy that drives our southern baptist religious fanatics to bomb the sprawling cultural centers of a new Iraq and Iran, who trade television series like we trade with the UK.

    Comment by Jared Sinclair | October 9, 2008

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