A random mental walk.

Tuesday, May 03, 2011

Good News Means Bad Things

Osama Bin Ladin was killed yesterday. A symbolic victory, a boost to the aura of American prowess - not a single Navy SEAL killed- but given the distributed nature of al Qaeda, his death probably does little to reduce their threat.

As I drove to work  market reporters were reporting the favorable economic responses: the prices for gold and oil were down, but there was, of course, the contrarian warning: the US dollar, seen as the safest investment  will now find less eager buyers if the world is perceived as safer.  (Is it puckish to call the dollar a "gold standard"?)

It struck me as odd now, that I should unconsciously use the word "market" to mean financial doings rather than a green grocer. Perhaps I've unwittingly succumbed to a vast right-wing conspiracy.

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