![]() ![]() ![]() ![]() While our immediate crises always have a way of looking like The Crisis, they have until now petered out. Did they want to be dinosaurs or cockroaches? Did they want to do nothing while the world crumbled, or did they want to scuttle and flit, gobbling up the morsels of growth that bubble up even in bad times?įor a certain brand of writer, a third possibility is eminently more appealing, one in which the ecological devastation of American-style capitalism sets off The Crisis that will at last devour titans, dinosaurs and cockroaches alike. In fact, all the real titans he knew were doubling down. While his clients panicked over their “risk exposure” in this time of $100 oil, evaporating credit markets and melting ice caps, he thought much could be gained. Bear Stearns had just imploded when I found myself chatting with a surprisingly merry investment banker. ![]()
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