Repricing Reality | KUNSTLER

``The recent carnage in the stock markets will probably see a retracement after the President's Day hiatus. They're bouncing up in other parts of the world today, the triumph of hope over all the available evidence that something fatal has happened out there in Tom Friedman's supposedly permanent global economy. Some observers suspect that it has something to do with the price of oil, because the oil futures market and the stock indexes seem to go up and down in tandem. But they don't really get it.''