drieuxster (drieuxster) wrote,

More People Who Just Hate the Guac....

Average real capital gain over the twelve years since Greenspan's "irrational exuberance" speech in December 1996: -2.1% per year.

Average dividend paid on the S&P composite over the twelve years since Greenspan's "irrational exuberance" speech in December 1996: 1.6% per year.

Real return on the S&P composite over the twelve years since Greenspan's "irrational exuberance" speech in December 1996: -0.5% per year.

And the Campbell-Shiller evidence for mean reversion in stock prices is now stronger than ever...

[ cf S&P Round Trip. ]
Meanwhile over in GODLESS HEATHENIST LAND we get
In the first ruling of its kind, a federal judge ordered the speedy release Thursday of five Algerian men after concluding the government didn't have the evidence to hold them for nearly seven years in Guantanamo Bay prison.

The decision by U.S. District Judge Richard Leon, who was appointed by President George W. Bush, was the latest setback for the administration's detention policies and could foretell more court-ordered releases.
One of those ordered released is Lakhdar Boumediene, whose appeal to the Supreme Court became the underpinning of a 5-4 decision that gave Guantanamo prisoners the right to challenge their detention in court. Boumediene, 42, had maintained all along that he was a relief worker with the Islamic Red Crescent.

Leon's decision marked the first time that a lower court has concluded after a habeas corpus hearing that the government lacked evidence to hold Guantanamo detainees as enemy combatants. Now, more than 200 other detainees await similar reviews in Washington's federal court.
In an unusual entreaty, Leon urged the administration not to appeal his order releasing the five men.

"Seven years of waiting for our legal system to give them an answer to a question so important is, in my judgment, more than enough," Leon said.

[ cf Judge orders release of 5 Guantanamo detainees ]
Gosh, I sure hope that this does not start the precedence that the Government can not hold you for more than seven or so years without a trial, or an indictment, or that legal stuff...

Since that might put a press on about law stuff being legal in america....

No, seriously, remind me again, there was never really any connection between the abuse of power, the advocacy of torture as state policy, and, uh, that exhuberance thingie pooh about how the Milton Friedmanesque Types had been supporters of the market, whether or not that required crushing democracy along the way was left as an exercise to the readers....
Tags: economics, generic_fear, torture, war_crimes

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