Tuesday, March 03, 2009
News you can use!
Andrew Sullivan flagged this piece of grim CNBC video, which led me to find an interesting discussion from Nov. 2008, when predictions of Dow 6,000 seemed outlandishly apocalyptic. At the end of the segment, Jeff Macke, a former hedge fund manager and a panelist on the show "Fast Money," declared half-seriously:
It’s a bad market out there. Prepare for the age of hoboes. Teach your kids how to grift.