Why financial markets don't make sense... fundamentalism and faith in all it's forms creates wacky results. What you believe... is.

:: Douglas Rushkoff - Weblog :::

"For that's all it is, remember: psychology. There's no such thing as fundamentals, anymore. The speculative economy dwarfs anything that might be considered a 'real' economy. Hundreds of times more money is invested in, say, the soap industry than is ever spent on soap. Corporations are names on debt - and these names attract more debt as long as faith remains high.

But there's only so much caffiene, nicotine, and dexedrine our investment community can consume to fuel their frenzied fantasies. Like I said before, faith really can become an illness - whether applied to God or to finance."