financial markets

Slow Down

New York Times Photo of a 55mph speed limit sign with traffic speeding by
My latest geekly obsession is speed and rhetoric. I've been following the advice of a certain yellow dog and reading some Virilio. I've cleaned the library out of Virilio, in fact. But more on that at another time.

For now, I'd like to point you to current discussions about the link between the 55-miles-per-hour speed limit (or lack thereof) and the current financial mess. Yeah, really. Here's Michael Lewitt, editor of The HCM Market Letter and a money manager, wondering why neither presidential candidate has suggestion lowering the speed limit:

Lehman Brothers and Wikipedia

My brother is the numbers guy in the family, and he could tell you a great deal more about the problems at Lehman Brothers these days. I won't even attempt a detailed discussion of it. The important point: Lehman Brothers is a casualty of the current "recession" (if the economists are using that word yet).

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