SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Covered Calls for Dummies Thread
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: FaultLine who wrote (332)4/30/2001 6:17:19 PM
From: Seeker of Truth  Read Replies (1) of 5205
 
The power picture in California isn't as ominous as it looks. Let me be simplistic. There are two kinds of crises, real ones and fake ones. In the fake one the two sides in the duel have a common interest which is stronger than anything that divides them. The conflict is about getting something extra. For example the 1962 Cuban missile crisis was a typical fake crisis. The two sides both had a strong interest in continuing to be at peace with each other. That overrided everything else. What the Politburo wanted in addition was the power to plant missiles in Cuba. That was not acceptable to the U.S. which wanted these missiles withdrawn. Both sides pretended that this was a life and death matter, breathing smoke and fire. The Western press failed to distinguish between the poseur and logical man whom Kruschev was and the despicable madman that Stalin had been. Right in the middle of this so called crisis, Krushchev took the American ambassador to the opera. He was trying as hard as he could to hint that a deal could be made. The media pounded their war drums but I remember laughing at the whole thing and found few who agreed with me that there was no danger. The Soviet generals were annoyed enough at the compromise that they assisted in deposing Krushchev, but he was never declared personal non grata. He lived in opulent retirement till his death.
An example of a real crisis is any that occur in Palestine. The two sides have no noticeable joint interest. The conflict is primary. The Arabs want the land because they lived there for 2000 years. The Zionists want the same land because their bible says God gave it to them, including the right to genocide. It's all in Deuteronomy. This is no fake crisis. They'll fight until one side is all dead.
In California the businesses, the state government and PG&E all have a common overarching interest, to keep supplying the power. What's at issue is the price and the future method(s) of deciding the price. That's secondary to the common interest. So a compromise is inevitable. I think it will have no terrible impact.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News