QOTD: Performance-Enhancing Drugs
By Barry Ritholtz - March 2nd, 2011, 11:30AM
Today’s quote is a Doozie:
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“A lot of national economies are still on performance-enhancing drugs. It will be interesting to see what happens when the dope gets taken away.”
-Norbert Reithofer, the chief executive of Bayerische Motoren Werke
At Geneva Auto Show, an Upbeat but Uncertain Mood (NYT)
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Leave it to BMW to come up with the ultimate bailout quote . . .
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March 2nd, 2011 at 11:51 am
Darn junkies
March 2nd, 2011 at 12:06 pm
Bernanke as pusher. Apt anaology.
March 2nd, 2011 at 12:23 pm
What’s the difference between a “dangerous drug” and a “pharmaceutical?”
Even heroin is medically necessary and beneficial in certain contexts.
March 2nd, 2011 at 12:48 pm
It isn’t just the corporations.
Clearly there are a lot of hedge funds on performance enhancing drugs, too.
I think there is a GOP budget algorithm that monitors the news for SE investigations of high-profile investors and corporate managers, and lowers the target budget for the SEC by 5% for each investigation.
March 2nd, 2011 at 1:01 pm
LOL… can’t stop laughing!
thanks, Barry
March 2nd, 2011 at 1:53 pm
Economic Viagra. How long can Ole Uncle Sam really keep his over-pucked cock swollen before the heart just explodes?
https://secure.wikimedia.org/wikipedia/en/wiki/Sildenafil
Approved by the FDA 3/27/98 and keeping old dudes erect ever since.
March 2nd, 2011 at 1:54 pm
Prozac Nation — Tangentially, with SUCH a large portion of our population now taking anti-depressants, couldn’t the effects of the drugs (both the therapeutic and the side effects) be driving our behavior as a society, at least to an extent? If so, then maybe it truly is different this time because — well, we’re different, we’re on drugs now and didn’t used to be. Don’t get me started on Ritalin. . .
March 2nd, 2011 at 2:13 pm
So by this analogy would bankrupcy for some of these national economies be the equivalent of “death with dignity”? Or is what we are doing now some type of assisted suicide? :-)
March 2nd, 2011 at 4:58 pm
@noahmckinnon – Hey man don’t knock it if you ain’t tried it!
March 2nd, 2011 at 7:56 pm
Editorial Reviews
Amazon.com Review
Elizabeth Wurtzel writes with her finger in the faint pulse of a generation whose ruling icons are Kurt Cobain, Xanax, and pierced tongues. A memoir of her bouts with depression and skirmishes with drugs, Prozac Nation still manages to be a witty and sharp account of the psychopharmacology of an era. –This text refers to an out of print or unavailable edition of this title.
From Publishers Weekly
Twenty-six-year-old Wurtzel, a former critic of popular music for New York and the New Yorker, recounts in this luridly intimate memoir the 10 years of chronic, debilitating depression that preceded her treatment with Prozac in 1990. After her parents’ acrimonious divorce, Wurtzel was raised by her mother on Manhattan’s Upper West Side. The onset of puberty, she recalls, also marked the onset of recurrent bouts of acute depression, sending her spiraling into episodes of catatonic despair, masochism and hysterical crying. Here she unsparingly details her therapists, hospitalizations, binges of sex and drug use and the paralyzing spells of depression which afflicted her in high school and as a Harvard undergraduate and culminated in a suicide attempt and ultimate diagnosis of atypical depression, a severe, episodic psychological disorder. The title is misleading, for Wurtzel skimps on sociological analysis and remains too self-involved to justify her contention that depression is endemic to her generation. By turns emotionally powerful and tiresomely solipsistic, her book straddles the line between an absorbing self-portrait and a coy bid for public attention. First serial to Vogue, Esquire and Mouth2Mouth.
Copyright 1994 Reed Business Information, Inc. –This text refers to an out of print or unavailable edition of this title.
Publisher: Riverhead Trade; 2 edition (October 1, 1995)
http://www.amazon.com/Prozac-Nation-Elizabeth-Wurtzel/dp/1573225126
http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus&v%3Aproject=clusty&query=Prozac+Nation
http://search.yippy.com/search?input-form=clusty-simple&v%3Asources=webplus&v%3Aproject=clusty&query=Prozac+Nation+U.S.+a+Nation+addicted+to+Pharmaceuticals
March 2nd, 2011 at 9:33 pm
Greenspan used to fret about “imbalances” in the economy. Now with ZIRP and massive QE buying of Treasuries we never hear the word. I guess the economy is just like Fox news: fair and balanced.
It must be just me that is unbalanced!
March 3rd, 2011 at 4:03 am
Sadly Bernanke isn’t going to be taken away……
March 4th, 2011 at 7:31 am
[...] ZIRP can occur as the economy develops a self sustaining organic expansion — and not, as was discussed earlier this week, as a “national economy on performance-enhancing [...]