Today I am in glowing, robust good health!
That may be a slight exaggeration, but compared to a couple of days ago, it's relatively true. I attribute my quick recovery, at least in part, to the well-wishes of my blogging buddies, creepy, distributorcap, fingers, gorilla bananas, and Dr. Zaius. Thank you, one and all!
My euphoria had a bit of a backslide this evening, when I was watching the news on tv. First it was all about "Punch and Judy" on the campaign trail, hitting each other with rhetorical clubs. The most egregious nastiness was spread by a couple of their staffers. I am anxious for the whole primary mess to be over and to see who is the last man/woman standing. Then, I hope the "winner" will give the "loser" a hand up and invite him/her to be his/her running mate. It's hard to imagine "Judy" accepting the number two position, but I think "Punch" might be willing.
Then, of course, it was all about the "looming recession." Okay, it's been almost 30 years since I got my B.A. in Economics, but I'm still going to vent about what I feel is a self-fulfilling prophecy in the works. That is, if people are bombarded every day with "the sky is falling" bad news about the economy, they're going to get nervous, and even if THEY still have a job, they're going to stop buying things and hunker down, their bosses are going to get nervous and change their minds about expanding the shop and buying that new machinery, nervous traders are going to sell stock, and flee to gold, etc. ad nauseum. I believe that the economy's condition could have been more accurately referred to as a "cyclical correction," which would not have been as frightening and less likely to exacerbate the situation.
Also, the whole "housing crisis" business is making me crazy! People! The continuing rise in prices of homes for the past few years was UNSUSTAINABLE! Increased demand pushed prices up so high that most people simply could not afford them, but they still wanted to buy a house, so the mortgage companies "helped" the buyers by finagling various methods (especially the nefarious "adjustable rate" mortgages) to make the initial payments seem manageable. Now, I'm not just blaming the financiers. People should not enter into a financial contract of that magnitude without thoroughly understanding what they are getting into! They should also not buy a house until they can afford it. Sorry, all you newly-weds. Try RENTING for the first few years, like we old farts did, back in the stone age. Okay, I'm getting off-message here. My point is that when prices get so high that almost no one can buy them, the prices will...and did...drop. It's called a "correction," not a depression.
Geez, I've got cramps in my fingers.