In the morning, once I've fought my way out of bed, I trundle down the stairs, lock my front door, and pick up the paper. It's a four-block walk to the coffee shop where
crankygrrl and I meet to fuel up for the day ahead, and I don't have a whole lot of self-control, so block two normally finds me strolling along flipping through the front pages of the various sections. Today most of the Globe's front page was taken up by a
snarky article about gas prices and "panic buying" and long lineups at the pump, and what I want to know is, why when it's the stock market is high-volume trading a completely normal and expected response to a shift in information about a stock, but when it's ordinary consumers they're just ignorant and irrational? Why is nobody in the business section ever quoted as saying "It's crazy. It's just a lot of fear, panic and rumours going on"? OK, for all I know people say that all the time, but I guess the point I'm trying to make is that a market is a market is a market. Markets are all about group behaviour. I thought the whole foundation of free-market capitalism was the belief that supply and demand will balance out and prices will find their correct level, and the level of knowledge in the system doesn't actually matter.
Yesterday's RoB had a rockin' map with
this article. Sadly, I can't find the map online, but it showed the refineries and oil drilling platforms in the Gulf and the path of Katrina and the projected path of Rita, and my take on the whole thing? Forget the fetuses. It's totally obvious that God hates oil. Texas people, stay safe, OK?
Toronto Unlocked's last broadcast was today. Sniff. I want my CBC back.