This week’s Economist covered several themes that we ourselves have been covering for the past several months, but we thought we’d start with this gem of a quote:

“The public is scared and uncertain; the politicians are panicky and confused. They are leading each other around and down a worrying spiral of ignorance.”  From “The Spiral of Ignorance”

This certainly seems to be the view of the market.  With the government reluctantly tiptoeing its way into a de facto nationalization of the banking system, the message being sent is one of uncertainty.  And the market hates uncertainty. 

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