Haircut 101

“Haircut,” in the financial-crisis sense, sounds cheery, especially when you consider the reality of the matter:

Haircut. It sounds so droll; you can imagine a sharp banker in a fine suit cocking an eyebrow and sighing about someone having to take a haircut, when the truth of the matter is someone dragged to a stump and made to put his head in the blood of the last guy they brought up on stage. Hold still, it’ll be easier for you. The correct metaphor would probably be “have several layers of skin removed by rubbing a hot brick all over the body,” but it would seem as if there’s something unfortunate going on.

Why, everyone has a haircut, eventually.

And with it, probate. Probably.


  1. fillyjonk »

    14 July 2015 · 9:21 am

    I also like his comment about why he doesn’t visit certain news-aggregator sites any more: “Smirky certainties based on you know, things everyone knows. ”

    There have been a few times I’ve come within a hair’s breadth of rage-quitting Twitter because it became, temporarily, a den of smirky certainties. (Usually if I unfollow someone, usually someone doing lots of re-tweets of stuff, it makes it better)

    And I think I prefer the term “austerity” to “haircut.” Perhaps not quite the same thing but at least “austerity” is more up-front about “This is gonna suck; it’s the equivalent of getting a Prednisone shot in the hip: lots of pain for a little while but eventually it will fix things.”

  2. CGHill »

    14 July 2015 · 9:45 am

    I think the selling point on “haircut,” apart from sheer innocuousness, is that it sounds relatively quick, while “austerity” can crawl on for ages. (Certainly seemed so to me.)

  3. fillyjonk »

    14 July 2015 · 11:21 am

    I dunno. To me, “haircut” has a distinct sense of “Oh, look, it’s raining! What? I’m not doing ANYTHING to your leg, and I’m certainly not urinating!”

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