The Lex Column in this past weekend's Financial Times had a thought that put a smile on my face. Since the salmon daily has become much better at (gasp) protecting its content lately, we will reprint the snippet courtesy of theStreet.com:
So Albert Einstein was the class dunce after all, and there really is something that is faster than light. Scientists at CERN, the European nuclear research centre, have been firing neutrinos across the Alps from France to Italy for three years. Now they tell us that these electrically neutral subatomic particles have moved "at a velocity 20 parts per million above the speed of light."
Here's hoping that the boffins are right. Einstein argued, as part of his theory of relativity, that travelling at greater than the speed of light would mean that time is going backwards. So investors will be able to return to the status quo ante: before Lehman Brothers. UBS will not have suffered that $2.3bn loss. The eurozone will not even exist. And it will have turned out that God, all along, has been playing dice with the universe.
Maybe it is the outrageously see-sawing markets (with much more see than saw...or is it the other way around?), the new threats of a government shutdown or the lack of the ability of the Fed to calm markets. Maybe it is just Monday (I only saw it this morning). In any case there is something to be said for a little bit of dark humor done well when things don't seem to be generally going in the right direction.
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