Tuesday, May 05, 2009

I'm worried, very worried...

Without citing a score of essays which say what I'm about to, I tremble when I think of the prospect of a new round of economic decay based on the collapse of commercial real-estate paper, credit-card paper and related gambling slips (derivatives). There are thousands of commercial mortgage- and lease-defaults as well as millions of consumer-debt defaults imminent, which, together with a new round of residential mortgage defaults as "teaser" mortgages re-set, will cause the bank bastards to return to Congress with a bigger hat in hand, and this time there may not be the majority to support their bailout.

If that happens--and it's likely--we're in for a long, hard slog, and worse.

Monday, May 04, 2009

Does David Brooks have something here?

If so--as to this writer--ouch!

Very interesting cyber-development

It's certainly worthwhile, but I wonder if it can tell me where I left my wallet, and a related question, why did I come into this room?