“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
29 September 2008
SP Weekly Chart Updates - At the Brink
So far this looks like simple blackmail in a controlled descent.
We think there will be a snapback rally if the House votes for the bailout.
The pressure will remain on until the Senate votes on Wednesday.