"I've worked my way up from nothing to a state of extreme poverty" - Groucho Marx, after losing $250,000 in one day during the Wall Street Crash 1929 version.
Revisiting the Realities of the Depression is the only valid current mode of systemic analysis.
For this week, the Dow Jones had its largest weekly fall EVER - in 112 years, there has never been such a sound of Crashing Capitalism.
And, the Premier League had its worst week EVER - there is a very high probability that member clubs will go into liquidation in the near future.
Both Hank Paulson and Richard Scudamore should be sacked for gross incompetence, as it is their identikit ########## strategies that have created the massive turbulences that have destroyed the infrastructures of both the global financial system and the English Premiership.
Obviously, one of these hyperrealities is ever so slightly more important than the other, but the point being made here is that the architects of these dire situations are equivalent in their considerable levels of incompetence and general murkiness.
* The remainder of this post addresses the psychology of the market place and the attitudes that will drive the financial markets over the coming weeks, months and years.
Unfortunately, the remainder of this post and all posts labelled # are available in full to subscribers only.
© Football Is Fixed/Dietrological
