A Quote by Matt Taibbi

Greenspan's eventual explanation for the growing gap between stock prices and actual productivity was that, fortuitously, the laws of nature had changed -- humanity had reached a happy stage of history where bullshit could be used as rocket fuel.
In 1979, you had the revolution in Iran. You had the Hudood Ordinances in Pakistan, which are the laws that are notoriously used against women, which are theoretically used against thieves although they're never carried out - an actual amputation or an actual stoning. The blasphemy laws, again, never actually carried out, though they're there, heavy with menace on the statute books.
Fossil fuel is very seductive stuff. [John Maynard] Keynes once said that, as far as he could tell, the average standard of living from the beginning of human history to the middle of the eighteenth century had perhaps doubled. Not much had changed, and then we found coal and gas and oil and everything changed. We're reaping the result of that, both ecologically and socially.
Anger is a fuel. You need fuel to launch a rocket. But if all you have is fuel without any complex internal mechanism directing it, you don't have a rocket. You have a bomb
But Humanity, in its desire for comfort, had over-reached itself. It had exploited the riches of nature too far. Quietly and complacently, it was sinking into decadence, and progress had come to mean the progress of the Machine.
I always had faith in the internet. I believed in it and thought it was obviously going to change the way the world worked. I really did not understand why others were selling their stock. As stock prices plunged, I just bought them, one after another, since I had the money. I guess I was rather lucky.
Leveling off at 42,000 feet, I had thirty percent of my fuel, so I turned on rocket chamber three and immediately reached .96 Mach. I noticed that the faster I got, the smoother the ride. Suddenly the Mach needle began to fluctuate. It went up to .965 Mach - then tipped right off the scale ... We were flying supersonic. And it was a smooth as a baby's bottom; Grandma could be sitting up there sipping lemonade.
I see The Gap ads as being a great example of how branding has changed. Those Gap campaigns are pop culture. They've been incredibly powerful. They have had the kind of effect on culture that a hit band has. Just look at The Gap's Khaki swing ads, which were music videos. They had this tremendous impact on the industry - suddenly everything started looking like Gap ads and it became difficult to know who was co-opting whom and who was creating culture.
Recent economic data shows that our economy is robust, growing and headed in the right direction. The numbers don't lie. Americans are currently enjoying falling gas prices, low unemployment, increased job creation, and a stock market that has reached an all-time high.
My vision is for a fully reusable rocket transport system between Earth and Mars that is able to re-fuel on Mars - this is very important - so you don't have to carry the return fuel when you go there.
Fantasy works inwards upon its author, blurring the boundary between the visioned and the actual, and associating itself ever moreclosely with the Ego, so that the child who has fantasied himself a murderer ends by becoming a Loeb or a Leopold. The creative Imagination works outwards, steadily increasing the gap between the visioned and the actual, till this becomes the great gulf fixed between art and nature. Few writers of crime-stories become murderers--if any do, it is not the result of identifying themselves with their murderous heroes.
Stock prices have reached what looks like a permanently high plateau.
There have been moments where I've had to question the way I've used social media and change it. Not because anything was wrong or right but because my needs had changed, and my perspective had changed.
Indeed the early history of rocket design could be read as the simple desire to get the rocket to function long enough to give an opportunity to discover where the failure occurred. Most early debacles were so benighted that rocket engineers could have been forgiven for daubing the blood of a virgin goat on the orifice of the firing chamber.
I hated waiting. If I had one particular complaint, it was that my life seemed composed entirely of expectation. I expected — an arrival, an explanation, an apology. There had never been one, a fact I could have accepted, were it not true that, just when I had got used to the limits and dimensions of one moment, I was expelled into the next and made to wonder again if any shapes hid in its shadows.
When the weather changes and hurricanes hit, nobody believes that the laws of physics have changed. Similarly, I don't believe that when the stock market goes into terrible gyrations its rules have changed. It's the same stock market with the same mechanisms and the same people.
Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months.
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