Many years ago, at the height of the tech boom, the US celebrated the Dow Jones Industrial Average finally reaching the dizzying heights of 10,000 points. It was seen as the symbol of a new economic era of unlimited growth, in which markets had "broken out of the old boom bust cycle" (this was of course just before a little thing known as the "tech bust"...).
Somehow, I don't think they're celebrating now. And this less than a week after being handed $700 bllion of free money.
But it does look like Ken MacLeod was right, and that the drugs don't work.
