Wednesday, August 09, 2006

The Martingale meme

Josh Marshall:

But there do appear to be forces in Washington -- seemingly the stronger ones, with Rice just a facade -- who see this whole thing as an opportunity for a grand call of double or nothing to get out of the disaster they've created in the region. Go into Syria, maybe Iran. Try to roll the table once and for all. No failed war that a new war can't solve.

Cunning Realist
In Vegas, the pit bosses have a term for a player deep in the hole who starts increasing his bets dramatically in an attempt to get his money back: a "steamer." Desperate gamblers are dangerous, so steamers get extra scrutiny from the eye in the sky. It's "steaming" time for this White House. And the wife waiting anxiously at home, aware of her husband's compulsion and wondering how the mortgage or kids' tuition will get paid if he blows it all? That's us.

Light posting from me for the next couple of days, as I will traveling on bidness.

Have fun storming the castle.


Anonymous Anonymous said...

In financial markets here in London we call it "The Rio Trade." a trader who has lost big and has so far managed to cover up the fact puts on a huge trade, enough to cover all his lossses, and buys a first class ticket to Rio de Janeiro where there is no extradition to the UK.
If the trade goes right he keeps his job and cashes in the ticket. If it goes wrong he catches the plane before he gets caught and spends the rest of his life on the beach. Or at least that's the theory.

8:19 AM  
Blogger Eric Soderstrom said...

I've been reading Raw Story a bit more lately. Congrats - you got a featured link off the main page with a graphic and everything.

11:40 PM  

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