Tuesday, October 12, 2010
(H/T S. Walsh)
Not much news going on at the moment but I did stumble on investors or should we say speculators wanting to corner the market on potash. Seeing as how real estate investments have been completely raped and gold is beyond anyone's pocketbook, I'm guessing that the wolves of wall street are looking for their next meal. Pump it and dump it while the other areas like our infrastructure crumble before our very eyes. Climb in bed with a foreign investor and while he isn't looking grab all he's got. Not enough bubbles and the compressor isn't big enough. Bubble bubble toil and all we get is the trouble.
To stop and think in the most simplistic terms, now would actually be a great time to rebuild. There's actually a ton of cash out there in spite of what's said and the interest rates have never been lower. What would that do? Or a better question, what would it do if we just called a time out and stopped the economy? The collapse would continue. No spending? No tax revenues. Lower tax income resulting in yet more spending cuts. And the cycle would continue until even those at the top would need to produce funny numbers at the next shareholders meeting. No one expected the length or extent of this depression. Yes I used the D word. Because while some continue with life as usual they know in the back of their mind that they could be next. Don't think about taking a vacation because when you get back that cheap fill in just might have your job. Do you play that game of chicken at work? You know it. It's called who's going to be seen as the last to leave work. Always want to wave to the boss as he's leaving and let him know you'll be there late but not to worry about overtime you'll work something out with him later. Comp time I believe they call it.
All I can hope for at this time is for one last bubble. That would be the unemployment bubble. And for me it can't break soon enough.