Monday, September 15, 2008

I Picked the Wrong Week to Stop Sniffing Glue . . .*


. . . However, I did pick the right time to study Economics!


These are scary times for the U.S. economy. There are a lot of things that have not been going right for, oh, about 10-12 years, and a lot of fundamental economic/business truths were tossed out of the window in the service of people getting really greedy. You would have thought that people would have learned lessons from 1987 and 2000-2001, but NOOOOO. People are stupid. Or rather, a number of people made a lot of money being stupid, so being stupid was the OK default for a very long time.


Now our very flawed system is starting to crash down and a lot of people are going to be hurt by it –even little old you and me at some point. It is a fascinating thing to watch as a student. There is so much information to process, so many things happening in such a short amount of time, such that trying to get one’s head around everything is impossible. There are many lessons to be learned from what’s occurred in the past year and from what will occur over the next six months or so. What happened this weekend is not bottom yet . . . so hold on tight . . .


“Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” -- Winston Churchill


* Yes, I know . . . gratuitous Airplane! reference.

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