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Heading for the Exits

The past three years has seen the use of words describing departures or take offs in mind numbing cadence. First came the bail outs. In so many words its the idea of leaving bad debts in a book and giving fresh capital to businesses that would otherwise have collapsed under their bad debts. This came at the expense of the same American taxpayers who are otherwise greedily trying to make money off of deadbeat investments or spending like the dollar has gone out of fashion. Then came the string of European domino collapse with every country of that tentative union declaring bad debts that would bury them faster than the Icelandic volcano (which was all the rage a couple years ago) could only dream of doing. This led to a whole new vocabulary describing possibilities of these individual sovereigns leaving... example Grexit for Greece and Spexit for Spain. I know they are waiting to see the Germ Exit too. Then Facebook happened in the US - the Initial Offering that is. Then came the news that one of the original founders of this money making scheme had decided to Exit the US of A to head to a tax friendly island in the Pacific. His exit raised more than eyebrows including a US senator that lost his cool - what with everyone exiting and no one making any interesting entering.

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  1. RajendraMay 31, 2012 at 2:46 AM

    Well, there are always desis entering ..every country in the world. So there is justice, somewhere.

    ReplyDelete

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