Skip to main content


I do grow a bit tired of hearing about this or that being "nationalized." You would think a prerequisite for being a member of the "financial media" would be the proper use of the word "nationalization" and its derivatives.
It has almost gotten to the point that "bailout" was at with reference to Bear Stearns. I understand that it is all the rage with the kids these days to bend and twist meaning until all semblance of communication is the same muddy color as brackish harbor silt, but that has to end at some point. No?
I find it difficult not to draw a connection between this sloppy linguistic tendency and the crash. After all, when every corner is rounded off, every edge dulled, every sacking becomes a change to "pursue other opportunities," every slip in revenue a "market harmonization," every crash a "correction," every incompetent failure an "emerging challenge," every takeover a "strategic opportunity" every CDO "Triple A," every auction rate security "just like cash" and every mass firing a "downsizing," how the hell is anyone supposed to know what's risky and what isn't?
No wonder every investor in this country is married to the idea that prices should never go down. (Unless it's oil, natural gas, gasoline, electricity, wheat, soy... you know, those things. I mean, unless I am long some of them).