The wild blue yonder.

So the market rebounded dramatically today.

Again, I’m no economist.

I am here to testify that common sense can and must be applied to every situation. So, at the risk of sounding pessimistic, I say so what?

Paul Krugman won the Nobel for economics today. He’s sure Dumbya is a retard.

Volatility IS the problem. Inconsistency IS the nemesis. Symptomatic of emotional instability on a foundation that is rotting. Eroding. Today we witnessed some euphoric sentimentalism. The economy is bipolar, perhaps even schizophrenic. At this point, it climbs hills only to tumble down the other side.

Common sense indicates to me that the market has yet to find bottom and the gains of today won’t mean dick within a month. Irrational exuberance. Denial ain’t just a river, it’s the season and the reason for the vulgarity of most things these days.

An economic clusterfuck years in the making is far from vulnerable to a single magic bullet no matter how pure the silver of the slug. Such precipitous decline cannot be undone or even mitigated by one day of activity on The Dow; hardly the Holy Grail of economic indicators.

Unemployment flirts with nine percent in places like Ohio. Auto stocks at a fifty year low. Record foreclosures and markets across the world reeling, careening. We keep talking about the cash we’re going to throw at the fan but we simply don’t have any and metric tons of shit have already hit that same fan. What little paper we can gather will probably just stick.

The hangover has just begun. America has regained a tenuous purchase on consciousness only to learn that even the hair on our head aches with vengeance and what may be the cause of our awakening is the oxygen from the respirator or the fact that our balls itch like mad.

I’m sorry to tell you that we’re still screwed nine ways to Sunday and from hell to breakfast. Drastic measures are no less vital than they were last week.

Sooner or later the fan will have to be cleaned.

By the way, why’s the NYSE open on Columbus Day? Even the banks were closed in recognition of the Grand Pooh Bah champion of revisionist history. Columbus Day is a mere symbol of American douchebaggery. By most accounts, Columbus tortured, raped and pillaged his new world. Amerigo Vespucci most likely discovered or at least recognized North America and guys like Leif Ericson were here a half a millenium before.

Let us not forget the rightful owners, the indigenous, the native Americans whom we would spend centuries slaughtering while cramming Christianity down upon. Today I drink to them.

Whatever.

I’m still excited about Our Man and he’s doing better everyday. Hope and Change. He offers nuanced and reasonably rich conversation on our economy. He is cool and consistent. Wisdom, restraint, discipline. By contrast, McCain is an ugly sightless carp half out of the pan and flopping while a blind eye burns. Talk of firing staff three weeks before the election.

Even I have to confess that despite the quality of Barack’s ideas, there seems to be little talk of how they will be funded. I don’t expect him too get too specific as he’s already talking over a lot of American heads, but I sure would feel better if he would just tell everybody our ass is broke and this is gonna suck for a month or so of your least favorite day of the week.

I would welcome that honesty from Doubtfire as well.

Sooner or later the fan will have to be cleaned.

Fuck me, everyone should be saying it. Do they think it’s a secret?

Drinks for my friends.

Leave a Reply

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

Feed Subscriber count

Recent Comments
Archives