Cash is king?

All Men are Liars

cashisking.jpg

Some of you may remember the ’80s cop show Hill Street Blues in which the role call Sergeant Phil Esterhaus used to tell his officers at the end of their morning briefing “Let’s be careful out there.”

I know next to nothing about the financial world, but I imagine that the trading bosses at most of the big brokerage firms, hedge funds and investment banks are saying the same thing to their pot-bellied orcs employees as the Global Financial Cackfight deepens.

What I do know is when a website as conservative and venal as Forbes is publishing front page specials about the economic sky falling, some very rich people are getting worried about the way the dice are rolling …

What seems to be a common theme in many learned financial types’ judgments is “we know not what we do” because there are so many serious, intertwined global problems having unintended consequences on each other.

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All Men are Liars

cashisking.jpg

Some of you may remember the ’80s cop show Hill Street Blues in which the role call Sergeant Phil Esterhaus used to tell his officers at the end of their morning briefing “Let’s be careful out there.”

I know next to nothing about the financial world, but I imagine that the trading bosses at most of the big brokerage firms, hedge funds and investment banks are saying the same thing to their pot-bellied orcs employees as the Global Financial Cackfight deepens.

What I do know is when a website as conservative and venal as Forbes is publishing front page specials about the economic sky falling, some very rich people are getting worried about the way the dice are rolling …

What seems to be a common theme in many learned financial types’ judgments is “we know not what we do” because there are so many serious, intertwined global problems having unintended consequences on each other. Leer más “Cash is king?”