Jon Stewart, Jim Cramer & Collapse

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	Jon Stewart, Jim Cramer & Collapse

baydawg

3-16-2009 9:10 PM

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tags:

financial crisis, collapse, problem, phase-shift, transition

baydawg says:

It was the most important piece of journalism of the financial crisis to date.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/484c9660-eef1-4c39-af71-b74c0234ecd6/24AF3109-360B-4091-B5F7-9BD31C5F0EA9/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.jeffvail.net/2009/03/john-stewart-and-fifth-estate.html" href="http://www.jeffvail.net/2009/03/john-stewart-and-fifth-estate.html" style="font-size: 11px;">www.jeffvail.net</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.jeffvail.net/2009/03/john-stewart-and-fifth-estate.html">Jon Stewart's "interview" of Jim Cramer</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.jeffvail.net/2009/03/john-stewart-and-fifth-estate.html">It was the most important piece of journalism of the financial crisis to date. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.jeffvail.net/2009/03/john-stewart-and-fifth-estate.html">consider whether the main-stream press, regardless of which political market-segment they try to capture, can remain legitimate when it is fundamentally designed to opitimize profit, not distribute civilizationally-valuable and accurate information.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.jeffvail.net/2009/03/john-stewart-and-fifth-estate.html">The unresolved question lingering around Stewart's interview is whether or not the problem we've encountered is "solveable," meaning that with proper regulation and reporting we can get back to business as usual and live in a world where investment returns are something more than, to quote Nassim Taleb, "money borrowed from destiny with a random payback time."</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.jeffvail.net/2009/03/john-stewart-and-fifth-estate.html">I think we're facing a phase-shift from perpetual growth to perpetual contraction, driven by diminishing energy supplies, ecological constraints, and diminishing returns on our investments in technology and other forms of complexity.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/24AF3109-360B-4091-B5F7-9BD31C5F0EA9/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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