I was afraid of this

[fpb]

As I said a couple of days ago, the "markets" are in a state of blood lust where no reason can prevail. And the trouble is that the current generation of politicians, raised and bred in the superstitions of Ronald Thatcher, regards these ugly mobs of gamblers barely out of their teens as a good thing rather than a bad one, and has no mind to fighting them as they ought to be fought. Now they will not be satisfied until either the euro is broken, or thousands of them are broke and bankrupt. The next few weeks will witness a murderous rage from the "markets" not seen since the destruction of the pound and the lira in 1993. One day a politician will come along who will realize that these people have to be controlled.

Comments

[fpb.livejournal.com]

Suuuuure. Let me tell you that if I were reality, I would want a better messenger than a bunch of coked up twenty-somethings in loud shirts speculating on artificial quantities and, as a rule, with the intellectual capacity of a three-toed sloth. I am sorry, but I consider this the very instance of the Thatcherite fantasy that "you can't buck the markets". These "markets" have nothing to do with the real-life markets where real things are bought and sold; they are entirely a separate reality, and the whole institution could be swept away without a single bricklayer or farmer or shoe salesman noticing.