The Truth That Everyone Knows

One of the enduring questions of our time is “what caused our current financial crisis/meltdown/catastrophe/snafu/disaster”.  No one seems to know for sure, but everyone has a lot to say on the subject. It probably won’t surprise you, but I know the answer, and I’m going to tell you, but not right away.  First, you’re gonna have to suffer through a little erudite discourse before I get to the bottom line. Let me start by asking rhetorically if there really is a problem?  You may think it odd that I spend any energy on this question, but given the fact that we live in a society wherein some still think that Neil Armstrong didn’t really walk on the moon, that...

What, Me Worry?

This is the first of two blogs I intend to write on the current financial crises, but, of course, I’ve intended write a lot of other stuff too.  Sometimes the fire just goes out before I get ink on paper so to speak.  We’ll see. One would have to have been hermetically sealed not to have been scared witless by  a) 30% decline in the stock market, and b) talking heads shouting from every news channel that this was the worst crises since the great depression, and c) questions from the DW (darling wife) about whether we still had enough money left to see us into our dotage.  My own reaction in times of crisis is to do the ostrich number….that is to say, I...