Tuesday, October 28, 2008

Greenspan’s observations were distressing

Bear, bear, go away, retail investors want to play

Jogin (an economics student) and Mack (an American expat working in India) start celebrating Diwali before their friends Divya (a journalist) and Bidyut (an economics professor) can join them. Between bursting crackers and munching sweets, Jogin decides to tease Mack.

Jogin: So Mack, Alan Greenspan has finally agreed he was wrong about total freedom in markets. What next? Rolling back neo-liberalism and going the Communist way?

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