"He drew an up and down line on the board ending with a big hill and a very deep decline to the railing of the board. "OK, this is not very accurate or detailed. But I remember there was a break in 1893, a bad one, and several before that caused mostly by railroad speculation and, wait a minute. Ann, what's speculation?" He wrote that word on the board."Uh, to speculate means to guess, to think about something. That word was on the SAT test." You think right, that's good. Speculation is guessing. What's economic speculation?" Guessing that the price of something or the value of something will go up," she paused and blinked, "or, I guess, go down." Very good. Suppose you think General Motors makes good cars and that their business is sure to grow, that they'll make and sell more cars and make more profits, lots of Chevrolets and Pontiacs. Do you buy a bunch of cars and hope the price of cars will go up? Ralph, how about that?" No, you buy stock in the company, GM stock." Right, you. When they came back in the hall I felt very vulnerable. I was standing in the middle of this large hall wearing just my underpants in front of two attractive women in uniform. Miss Philips had my girly magazine and Miss Swift was holding a swishy looking cane. I was torn between feelings of arousal and fear. Miss Swift spoke first. “Right, Jim, we are going to cane you for reading this disgusting magazine and for smoking cigarettes. I will give you six strokes for staring at the girls in that magazine and Miss Philips will give you another six for smoking. Do you understand?” “Yes,” I murmured, wishing I knew where to look and trying to cover my erection. She glared at me, “Yes what?” she said. “Yes Arkela.” I added. Miss Swift brought a stool over and put it down in front of me. “Take off your pants and bend over here.” “Not my pants, please!” Swish. The cane caught me on the side of my leg and I slid down my pants and put them on the stool. I stood there nude in front of.
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