Thanks Rose. No coal lumps here. Xmas came and went in idyllic fashion. 2009 has been good, as usual. The early 2009 looming catastrophe fizzled to a Y2K Millennium Bug fizzer. People who had borrowed too much continued to be ruined but for the most part, things went well.
Overall, I like recessions. I seem to be better attuned to recession and possibly outright disaster if not catastrophe than easy street success with everyone riding a boom.
I suppose it's psychological hangover from the experience of my parents in The Great Depression and World War II privations and my father's parent's desperate situations in their early years. I'm ready for seriously bad things which never seem to eventuate.
Anyway, here comes 2010, ready or not. I recall the 2001 Financial Collapse discussions about what would happen late in the first decade. Well, that came and went and the woes have not been too serious. But those who said that the stock market would be going nowhere fast have been right and I was wrong. Dow 16,000 is still nowhere in sight. But give those tsunamis of quantitative easing a chance to get moving and we'll see about that. Financial relativity theory is relentless and merciless.
Hordes of bare-bum Aztecs have run up mountains clutching their little gold talisman to wait for the rapture and the-end-of-the-world-as-we-know-it times, the dark interregnum and their ascension to glory. They prance around chanting their magical incantations, excited to see gold at $1,100 with expectations of $2,000, $4,000, $8,000, $16,000 any day now.
They are as hopeful as the Biotelecosmictechdot.com to-da-sky wild-eyed irrational exuberance mob and the Mindless Zombie "House prices never go down" McMansion 100% mortgage speculators.
Mqurice |
