Seems my entry from last week was premature. Specifically, I wrote: “The federal government’s complete unwillingness to deal with the tsunami of economic news, from home foreclosures to runaway inflation and supply disruptions in gasoline, is truly pathetic.” The federal government and its primary media outlet suddenly leaped into action.
The hallucinatory economy of the United States, based on the “service” industry and consumption of salad shooters, is starting to drag. Seems the absence of cheap oil, along with the closely related inability to use our homes as automatic teller machines, removes the grease from the skids. The associated friction has the Dow doing its best impression of a man falling down the stairs, lurching and spinning and almost recovering before he falls headlong into the abyss of the black widow-infested cellar he couldn’t even imagine except for the old stories about the previous Great Depression.
Hate mail is just part of the reason I submit the occasional commentary. It reminds me that, lacking the ability to love the future yet unable to change it, at least we can despise the messenger.