Re: The Economy, IndyMac, GM...
Travel,
I run in and out of TOTV when I am at home. The kitchen computer thing. And I can sashay around here and look for some place to land and have a little fast fun. Smile and move on.
But I gotta tellya, Travel. There is more to me than just that. And that part is not smiling. That part is in white hot terror over this economy. I am a financial conservative. I have always been a fan of business. And I would not be retired unless I thought I had figured out how to retire.
For many years, I have had a fascination with how it all works.
A few weeks ago, I started a thread that did not go far. The thread was titled "Et tu, Budweiser?" and sure enough, it looks like the deal is going through. And it is making me sick. BUD to Belgium. I don't own any BUD, except in the refrigerator. But I am an American.
Somewhere on here, when writing about the housing mess and telling little stories about it, I used the quote, "Unrestrained greed is not only bad morals, it's bad economics." I don't know who said it, but it is blindingly true in our country today. And I am afraid it will still be true tomorrow and tomorrow.
I used to yell at Alan Greenspan when he was on television. I do stuff like that. You know, like people yell at refs and umpires, through the screen.
I would yell, "Alan, what are you thinkin'? Have you never heard of having to carry money to the store in a bushel basket to buy bread? Stop giving it away. Get a grip. You are rendering our money worthless."
But in the beginning, Alan G. was one of those men that I shamelessly loved from afar. But I broke up with him so fast when he kept lowering that rate to the point of ridiculous. Easy money. Not much reg. Yeah, a brilliant guy. I know that. He used to party with Ayn Rand. Maybe he should have been partying with Boomer. Or maybe he should have just stuck with the saxophone.
I think I did an old thing long ago here called, "Will Bernanke see his shadow today when he comes out of his hole?"
Oh I know. I know. The Fed fears inflation. I was around in the Carter years. I was young, but I was saving my daughter's college money in those 17% CD's. And I knew that was not right either.
Oh, what do I know. I am here in my kitchen in one of the most conservatively invested cities in the US. I hope I never wake up some morning to a headline that makes me start another thread that I call "Et tu, P&G."
So anyway. Enough from me. For now. But I just had to jump in it. If the admins ever start a forum on here called "Talk of the Money" I am toast. I will never get up off this exercise ball that I use for a desk chair.
Boomer, On the Money
And that's only the first chapter.
__________________
Pogo was right.
|