ES -- DX/CL -- isee -- cboe put/call -- specialist/public short ratio -- trinq -- trin -- aaii bull ratio -- abx -- cmbx -- cdx -- vxo p&f -- SPX volatility curve -- VIX:VXO skew -- commodity screen -- cot -- conference board

Thursday, July 07, 2005

 

the london bombings


one would hope, in the aftermath of yet another outbreak of barbaric terrorism, that the rational and reasonable heads would get a say.

Even on a tragic day like this, the number of people who died is still pretty small compared to how many people are dying in automobile accidents. I don't want to downplay the tragedy, but you simply can't guarantee that that won't happen. You can't ensure the safety of every train, every bus, every taxicab, every moped, any more than you can guarantee you'll never be mugged walking down the street. If they're cost-effective, I'm in favor of measures that reduce the danger; but I'm wary of ones that are either counterproductive or more damaging than what's been inflicted by the terrorists.

Clearly it's not the case that every single terrorist is so busy over in Iraq that they can't bomb Brooklyn. But terrorism is a very rare thing that mostly doesn't do much damage. 9/11 is obviously an exception to that. But the total number of people killed by international terrorism is small. So it's not that common a thing in many respects.
what i fear we will get instead is an escalation in ideological war.

The war on terror goes on. I was most impressed by the resolve of all the leaders in the room. Their resolve is as strong as my resolve. And that is, we will not yield to these people, will not yield to the terrorists.

We will find them. We will bring them to justice. And at the same time we will spread an ideology of hope and compassion that will overwhelm their ideology of hate.
while neocon hacks already spin madly to blur the reasoning for these events -- "Isn't this proof enough that the only agenda of the perpetrators was to kill many people--as it was on 9/11--and that those trying to read some sense into the murders are making a mistake?", asks apologist michael young -- i am reminded of the words of osama bin laden some months ago.

American people, my speech to you is the best way to avoid another conflict about the war and its reasons and results. I am telling you security is an important pillar of human life. And free people don't let go of their security -- contrary to Bush's claims that we hate freedom -- he should tell us why we didn't hit Sweden for instance. Its known that those who hate freedom don't have dignified souls... But we fought you because we are free people; we don't sleep on our oppression. We want to regain the freedom of our Muslim nation. As you spill our security, we spill your security.
no one will accuse bin laden of having civilized aims or methods. but we will continue to suffer these attacks -- for these are just more blows in a very long and bloody insurgency against westernization in the third world which is very complex and multifaceted -- until we can first simply diagnose the problem. these people who oppose us are monstrous, but not monsters. they have real, material complaints we can address, even if not wholly acquiesce to. until we recognize that, and come to our senses about why they fight us so, and how our actions fuel the resentment of the west which is the boiler of this terrorism, our problems will continue to mount.


This page is powered by Blogger. Isn't yours?