File spoon-archives/marxism-thaxis.archive/marxism-thaxis_1998/marxism-thaxis.9801, message 545


Date: Mon, 26 Jan 1998 15:58:53 +1100
From: Rob Schaap <rws-AT-comserver.canberra.edu.au>
Subject: M-TH: 'Football' and Wall St


G'day Thaxists,

Well, the Green Bay Packers (for whom I have an affection because they are
the only publicly owned team in the competition, wear the green'n'gold of
Australia, and whose fans are called 'cheeseheads' which I am by dint of my
Dutch origins - and how can you make a more rational choice than that?)
have just lost to Denver.  I tried to watch but the bits between the good
bits just take too long.

Anyway, Robert Stovall's Super Bowl Predictor (even less rationally
developed than my affection for the Packers, but boasting a 90% success
rate) has it that Wall St is set for a big dip (the prediction being that
an AFL victory denotes a dip and an NFL victory a surge).  Doug's paperback
should hit the streets in concert with a few suicidal dealers.

I see one of Oz's big banks is copping a Moody's negative rating due to
exposure to SK, Indonesia and Thailand.  All this after assurances exposure
was not an Oz problem.  Unless this Asian business is one of the great
stories of corporate collusion to domesticate the tigers and buy up cheap
productive assets (I hear the rupiah is now worth less than 20% of what it
was in October), the complex tendrils of indirect exposure might shortly be
manifesting on Wall St too, eh?

Cheers,
Rob.


************************************************************************

Rob Schaap, Lecturer in Communication, University of Canberra, Australia.

Phone:  02-6201 2194  (BH)
Fax:    02-6201 5119

************************************************************************

'It is questionable if all the mechanical inventions yet made have
lightened the day's toil of any human being.'    (John Stuart Mill)

"The separation of public works from the state, and their migration
into the domain of the works undertaken by capital itself, indicates
the degree to which the real community has constituted itself in
the form of capital."                                    (Karl Marx)

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