Limbo, Limbo, Limbo. Most of the things I want to talk about, I can't talk about right now. That will all change -- for good or ill -- in the next week to ten days.
Meanwhile, it's always so interesting to me to see the range of responses to the economy. You've got the Bubble blogs, with the 'sky is falling' 'we're all dooomed..." comments, one after another, until you're ready to dive into a hole.
Then I turn on CNBC, and the commentators are definately riled and excited. The Fed pumps 38 billion into the system, over three injections, in one day, something that hasn't happened since 9/11. You got Cramer of Mad Money screaming: "THEY KNOW NOTHING!" and having what appears to be a breakdown which he is turning into gold. At least it appeared completely sincere.
It reminds me a bit of the October crash in 1987(?). I wasn't all that worked up about it until I watched the financial news that night. The commentators appeared scared, totally frightened, (George Jr. after 9/11 sized scared) in their eyes, and that alarmed me more than anything they said, which was typical blather.
And finally, I go to the major new sites, such as the U.S.A. Today, or this morning's Bulletin, and not only is it not on the front page, its not even headline news through the rest of paper. Still obsessed over the trapped miners, and bridge collapses.
So either their perspective is the right one, and the economy story is smaller than it looks, or the major news organizations are doing stories about local disasters while the national economy tanks.
Meanwhile, it's always so interesting to me to see the range of responses to the economy. You've got the Bubble blogs, with the 'sky is falling' 'we're all dooomed..." comments, one after another, until you're ready to dive into a hole.
Then I turn on CNBC, and the commentators are definately riled and excited. The Fed pumps 38 billion into the system, over three injections, in one day, something that hasn't happened since 9/11. You got Cramer of Mad Money screaming: "THEY KNOW NOTHING!" and having what appears to be a breakdown which he is turning into gold. At least it appeared completely sincere.
It reminds me a bit of the October crash in 1987(?). I wasn't all that worked up about it until I watched the financial news that night. The commentators appeared scared, totally frightened, (George Jr. after 9/11 sized scared) in their eyes, and that alarmed me more than anything they said, which was typical blather.
And finally, I go to the major new sites, such as the U.S.A. Today, or this morning's Bulletin, and not only is it not on the front page, its not even headline news through the rest of paper. Still obsessed over the trapped miners, and bridge collapses.
So either their perspective is the right one, and the economy story is smaller than it looks, or the major news organizations are doing stories about local disasters while the national economy tanks.