Moneybox: "They Used To Cane Each Other and Have Duels"

Now playing: Slate V, a video-only site from the world's leading online magazine. Visit Slate V at www.slatev.com.
politics "They Used To Cane Each Other and Have Duels" Nancy Pelosi riffs on the debt deal, the nihilist GOP, and the fights Congress used to have. By Annie Lowrey Posted Thursday, Aug. 4, 2011, at 5:46 PM ET House Minority Leader Nancy Pelosi sways and chatters, as animated as the other congressional leaders are stolid. She waves her bangle-adorned hands. She grins whenever she pauses to take a breath. Every question gets a minutes-long, ranging disquisition. This morning, sitting in a cream suit in her airy cream office in the Capitol, Pelosi spoke with a group of reporters for more than an hour about the current crummy economic situation and crummier Congress. She smiled. But that hardly hid her voluble frustration. Her points were these: She is deeply dissatisfied with the debt deal and the deficit-reducing supercommittee it creates. She believes Republicans are essentially political nihilists, and she has plans to prevent them from winning again. And she is intensely focused on jobs and growth. To continue reading, click here. Annie Lowrey reports on economics and business for Slate. Previously, she worked as a staff writer for the Washington Independent and on the editorial staffs of Foreign Policy and The New Yorker. Her e-mail is annie.lowrey@slate.com. Join the Fray: our reader discussion forum What did you think of this article? POST A MESSAGE | READ MESSAGES Also In Slate Where the Romney Campaign's Mystery Money Is Coming From You Know the Economy Is Bad When Shoppers Can No Longer Afford To Go to Dollar Stores How Jeff Bezos Has Made Amazon a Powerhouse at Everything	Advertisement
Manage your newsletters subscription: Unsubscribe | Forward to a Friend | Advertising Information
Ideas on how to make something better? Send an e-mail to slatenewsletter@nl.slate.com. Copyright 2011 The Slate Group | Privacy Policy The Slate Group | c/o E-mail Customer Care | 1350 Connecticut Ave NW Suite 410 | Washington, D.C. 20036

The Haunting TOPIX Chart We Can't Let Go Of

View this email online | Add newsletter@businessinsider.com to your address book
		Tech Media Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Thursday, August 4, 2011 The Haunting TOPIX Chart We Can't Let Go Of Politicians like to compare America to Greece, but in reality the TOPIX, with its long, deflationary slog is our best historical analogy. A chart we've run before, but which seems particularly relevant, is the above chart from Morgan Stanley, which shows the TOPIX -- post bubble -- responding to various stimuli and counter-stimuli. The basic lesson: throughout the long bear market, stocks always popped after fiscal and monetary stimulus, and worsened when policy makers did the opposite. Given how this market has coincided with a move towards de-stimulus (the debt ceiling/fiscal consolidation deal) we can't help but think this is playing out again here. Read » Also On Money Game Today: Next Stop: S&P 1130? And Tomorrow Should Be Epic Too The Real Reason The Debt Ceiling Fight Was Horrible News For Markets Hedge Fund Billionaire Phil Falcone: Today's Crash Is Just A Knee-Jerk Reaction To Europe Advertisement CHART OF THE DAY: Here's The Broken Neck Bone That Everyone Is Talking About CHART OF THE DAY: The Market Does Something It Hasn't Done Since The Worst Of The Financial Crisis CHART OF THE DAY: The Export Economy Can't Save Us Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.careers@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

If you believe this has been sent to you in error, please safely unsubscribe.