You are slowly growing old, impatiently waiting for 1929 redux. Does it not bother you that cataclysms are simply not occurring, that all we see is the fine tuning of economies, the slow grinding away of markets which makes winners loser and losers winners and vice versa/versa vice all over again? And all without too much trauma, no huge dislocations, no soup lines, no Sandy Weills selling applies and pencils out of tin cups on Wall St., no dust storms, no Okies?
In the meantime, what?
Teotwawki is indeed happening, but it is a new birth, no cataclysms. And you can blame globalization for it.
Slowly but surely the old truths die and the teotwawki brings us new ones.
The newest one is this: the global and the American economies are so big and so flexible that teotwawki as you define it will not happen in the way you expect. But teotwawki is indeed taking place under our noses. It is sporting a cheery, sunny smile.
Oh, you'll make good money on that Aztec barbarity, but I will, too, on my scrupulously and minutely researched American stocks. Foreign exchange rates will ebb and flow, the dollar will go up and go down, and it won't make any difference in the long run as all currencies, except for the truly hopeless ones, will go up together in the long run.
I plan to peacefully sleep on the bed at night, not under it.
You had it right the first time, Jay: Don't worry, be happy. Cheer up, my friend. |
