Sub-prime

The vagaries of the stock market have always confounded me. To me - a techie, the way economies run (or don't) is nothing short of amazing (random is another word for it).

One phrase perhaps best characterizes the state of what I'd call the US Corporate Confidence Index (yaay! I seem to have pulled off another one of those fancy acronyms ;) ). Despite its sombre tone, theres a sadistic beauty about it and years hence our descendants might study it in their history books. So I decided to frame it on my blog. Here goes:

"We're all sub-prime" - Kevin Logan, a US Economist, after the recent 'crisis'