Unprotected species

For years the investment community has run around buying and selling stocks based on the next quarter’s earnings. Suddenly, significant sections of this notoriously myopic community have their eyes glued to the financial equivalent of the Hubble telescope, trying to scry the far future. When such people start telling us that we should worry about the state of the social security fund in 2035, I’m afraid I smell enough rats to call in the Pied Piper. The big cheese that the panic-mongers