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16 October 2008 @ 10:30 am
"... some red-handed slight of hand!"  
I changed my mind.

We're all screwed.  There is no hope.

I hope that all of those prospective retirees are girding their loins, because I'm afraid that enormous amounts of their retirement planning is being pissed away.

But look on the bright side: there's a new Star Trek movie coming out next year, plus the Watchmen.

I also find that looking at shiny objects tends to make things better.

*****

Okay, okay, in all honesty they're no way to be certain what the ultimate effects of our economic woes will be.  It just won't be good.  Enormous masses of value are being lost every time the Dow takes a hop, skip, and a fall-down-really-hard-on-your-face-on-the-side-walk-because-you're-a-jackass-who-couldn't-be-bothered-by-avoiding-risks-that-far-outweigh-the-potential-gains.

Ahem.

I quote Dr. Ciaran O'Kelly (who's gonna have a little Dr. O'Kelly soon!  Exciting.) who remarked, "... they all swarmed around a pie that wasn't a pie."

Furthering that thought, I've come up with several ideas as to what that pie might've actually been, but most of them are pretty obscene, so I feel no need to note them here or utter them aloud.

I also feel compelled to point out that there are is speculation to the effec that there are a  lot of interesting contributory causes for a lot of the problems we've been dealing with.  For instance, pressure on lenders to provide much lower-interest on mortgages and loans, allowing a larger number of relatively lower-income people to take out loans was (partially) a result of pressure from left-of-centre political groups in the US. 

I'm sure you can figure out the relationship to the sub-prime catastrophe on your own.  It's just a contributory cause, keep in mind.

Still; I found that interesting, and I'd love to know what the extend of that pressure was, and more precisely what role they played in creating an economic environment in which it was both easy and somehow advisable for lenders to take on massive amounts of horrendously bad debt.

*****

The weather today is fantastic though, so that's something, too.

*****

Before I forget - Rhia still rox.  Like, rather a lot.  Absolutey Fabulous.

>>> Though I'd still happily trade her for her weight in Coleraine Cheddar.  A man has to have principles.

 
 
Current Location: Torts
Current Mood: contemplativecontemplative
Current Music: 'Some Red Handed Slight of Hand' - Cursive (props to Miss Huddleston)
 
 
 
rachaeljack on October 16th, 2008 05:17 pm (UTC)
nice musics. also, are you going to come to town so we can see the star trek movie together? like old times? please say you will.
phillipos: Green Lanternphillipos on October 16th, 2008 08:43 pm (UTC)
It couldn't happen any other way.