What’s really important about Thursday’s Market Meltdown

This is an average (brunt) reader of The Real Deal.


The waves for Barbados State Bank (BSB) are running over to sea, displacing some unhappy shareholders.

Your humble correspondent experienced a residential earthquake (no less) while in Barbados. He is, however, far from the only one experiencing lightening speed memory loss.

Remember when this was a glorious place for American executives to escape their annual Kool Aid party at Walmart? The BSB marks the tipping point into the frightening land of reverse expectations: younger arrivals are fearful of pensions being ripped off, lifetime service and the “carrot and stick” of patriotism, swiping some hard-earned cash from the bank while older folks dive under the bedboards. Remember when this was a merry-go-round (and not a roller coaster)?

One elegant object lesson: Be fearful and wait.


We watched the course of the stock market crash from a Caribbean beach holiday. In retrospect, we looked on the Caribbean as a safe haven … but now, alas, is not the time to look on the Caribbean as a safe haven … or, for that matter, any place for that matter. Not in a strange new world.

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