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Thursday, October 06, 2011

The Loneliest Number
Posted by Tata | 6:48 AM

Sometimes, folks are proud of the wrong thing.

“Those people wish they were the one percent!” said Mike Polski, 53, a sign maker from Joliet. “The one percent are billionaires.”

Seeing the Occupy Chicago protest every day for nearly two weeks, traders on break from working in the pit have had some time to reflect on the demostrations.[sic] “It’s a free country, and everyone has a right to an opinion,” said George Garza, a courier for RJ O’Brien at the CBOT, donning a kelly green trading jacket. “I don’t think the economy is as simple as 99 percent to one percent, though.”

When I informed Paul Richardson, who spent his morning in the pit for Vision Financial, about the WE ARE THE 1% signage, he chuckled. “It’s just trying to get the protesters stirred up," he said. "They’re getting a little annoying, you know what I mean? Blocking streets, sidewalks. I know they’re just trying to be heard, but I think they’re uninformed. They’re inexperienced on being educated on the economy, so they don’t have a leg to stand on in terms of their platform.”

Democracy can be so annoying. Yesterday, NPR carried a report from the BBC in which two bankers were talking about confidence in the Euro before the G20 Summit. It has not occurred to bankers that the rest of us are aware that bankers have become enough of a problem that we might have to fix it, and by extension, them. Keep your eye on Europe.
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Anonymous Anonymous said...
"Inexperienced on being educated on the economy..."???

Well, considering what the "experienced and educated people" did to the economy, maybe we'd better wonder if it's a good idea to let them be in charge....

God, these "experienced and educated" really have no clue--just overinflated egos....

Blogger Pangolin said...
I hope by "fixing" the bankers you meant the kind of fix we take young male dogs to the vet for. Well, at least financially and socially.

The claim that the protestors are not "educated" on the economy is a reference to their lack of pet economists at highbrow universities. Economists are such clear consistent thinkers that if you put four of them on the top of the Greenland ice sheet on clear winter day and asked them what color it was you would get five, contradictory, 400 page thesis.

The basic job of economists is the same as that of a kings astrologer. The economist tells the rich bastard that whatever atrocities he's committing for his own entertainment are for the good of everybody.