i am not surprised by the revelations
i would not be shocked by revelations of worse
i am surprised by the lack of panic on main street everywhere
almost as if folks are saying, "i know it will be bad, or worse, by multi-generational basis perspective, but as i do not know what to be panicked about having not experienced bad times, i am going to continuing living as i am used to, even though i (and everybody else) took a 50% hit to balance sheet (if we mark everything to sorry market), because i ain't selling, and my income is still ok; besides, what else can i do?"
the only folks who are nervous are moolah managers fearing the loss of their franchise to loot, folks who are in process of losing homes or have lost jobs (and in europe, not even the unemployed, as their income is continuing at healthy clip via tax payer largess), and folks who had experienced bankruptcy and near total financial disaster.
iow, the majority of all arre not taking the crisis seriously enough.
when they do, and they will, the blowback could be terrible. |
