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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (19138)	12/20/2004 9:10:23 PM
From: Chispas	Read Replies (1) \| Respond to of 116555

"casastrophic success" - (Guess who said this ?)..... .... ... ... .. ... From today's Daily Reckoning : "We are indebted to our president for a marvelous turn of phrase that tells us why. George W. Bush is rarely described as having a 'silver tongue'. Nor is it often that people quote the president's aphorisms or his perceptive insights. Instead, entire books have been written, preserving forever the language of a man who can barely pronounce a compound sentence without getting tangled up in a dependent clause. But here, at least this once, America's commander in chief has found the 'mot juste' - an expression so precisely correct, so poetically economical...and so cleverly ironic, it must have been accidental. Poetry can be achieved by even randomly stringing together words. All of a sudden, in the juxtaposition of one against another, we see something new and unexpected. Poetry can have a kind of serendipitous logic...and unintended intelligence. Prose, on the other hand, takes organized thought. The president, it turns out, is a poet. It was a 'catastrophic success' said George W. Bush of what he hath wrought in Iraq. He might have said the same of Greenspan's massive dose of cash and credit; it successfully held off a serious correction, but only by luring consumers even further into debt and setting up a catastrophic correction in the future. The expression might come in handy in the courts too. In divorce court, a woman might use it to describe an affair with the local butcher. Or, in the bankruptcy courts... as speculators describe their 2004 stock and real estate investments to the receivers."