Sunday, October 26, 2008

Wanted: finance experts.

The complexities inherent in our modern financial system have increased at an exponential rate over the last several years, one that surely far surpasses the rate of incline for the typical IQ. All the more reason supposed experts are clueless when it comes to this crisis.

The state of our global financial apparatus is beyond fathoming by any one "expert." Bernanke and/or Paulson may think they have it all figured out (though truth be told, I don't think they would ever admit to that), but it's obvious they don't and the point is that shouldn't shock anyone.

Yet that realization doesn't make it any less scary. It's quite a daunting prospect to ponder that a system in which we depend on greatly (!) is currently suffering dearly, has grown out of control in its layers of sophistication to the point where it may implode before we even recognize a remotely appropriate cure for the problem(s).

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