70 Year Magazine Archive

Gekko

by John Dizard

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REMEMBER the way Nancy Reagan was criticized for buying china for the White House? Now the Clintons are in trouble because China has bought the White House.

There was a French movie called Diabolique that came out in 1955 and has been endlessly copied by Hollywood. The gimmick was that the homicide victim would rise up after seeming to be dead and pursue his killer(s). It feels as though we’re living in the Diabolique economy. Just when we thought growth would be dying, if not dead, it turns around and hits the bond and stock markets with the fear of inflation and interest-rate rises.

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