The world was awash with the newws tha the fedgov was going to prop up Fanny Mae and Freddie Mac. The DJIA was going to raise on this news and things were going to be better, maybe even GREAT. But it ain't happening. The DJIA is lower by a bit, the dollar has gone into 71+ cents territory, and oil is just screwing around. SEVENTY ONE CENTS FOR THE DOLLAR? What the hell is going on? Hah! We know what is going on. The chickens have come home to roost. The S is HTF in a sort of gradual manner. I don't trust this gradual stuff too much. I think it can all go to hell in a day if it takes a mind. Bush is devoting a lot of time to this currency thing right now and I expect the reason to be that things are not looking too good. Bush likes to spend his time making little countries butts pucker. Bullies are that way you know. But now he is playing around with the Earth's security, namely it's ability to feed itself and make it's trucks run and it's ocean liners carry freight. And that can get you killed. In the real world, if you mess with certain people and their economics, you can catch a bullet. Right in the head. They are called 4th generation warfare people. They are not a country and thus you cannot fight a country to stop them. They are idealists and thus transcend boundaries. And we have some of them too, you understand, but not of the magnitude of some other folks.
Just checked into the markets and they are still falling, but not rapidly. It has been gradual so far.
I am going to cut this post short. Ain't anything really inspiring me right now. I'll wait on my inspiration. Stay alive.
Michael
mboone@rtccom.net
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2 comments:
The financial situation looks pretty grim indeed. Several stories on Drudge today forcasting more woe, and folks lining up to withdraw their money. Stormy weather ahead....
Seems the comments on the blogs are a little slow right now. I guess they're standing in line at the bank.
RW
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