I've been staying away from the computer a bit this weekend. Of course, when I try to read anything (like Ted Ralls -- "An Anti-American Manifesto") I have to put the book down every 20 or so pages, just to keep from crying. Rall makes the case that we no longer give a damn about our government, that it has proven itself to be incompetent. In fact, he counters the 9/11 "truthers" by saying it wasn't a "put up job" -- it's that our military is run by MORONS!
Stuff like that actually rings true. It also makes me want to cry. I think back to all the rather dumb folks I knew back in college. The earnest "cold warriors", the folks who majored in courses so "specialized" that they never got an "edumacation" (thank you GWB - by way of Yale).
So, I have to rest up a bit. Writing is not the release it once was. Reading isn't either.
So, I read some blogs on economics -- say Ritholtz's "The Big Picture" (by no means a wild eyed liberal), Krugman's "Conscience Of A Liberal", or Brad DeLong's "Grasping Reality With Both Hands" -- and I feel even worse. Just looking at what the "VSP's" ("very serious people" - coined by Krugman to describe the "austerity buffs", and those who trumpet a fear of inflation in a time of deflation) say just makes me want to crawl back to bed -- and pull the covers over my head.
It's not that I've lost hope, it's that I'm afraid the "cure" will be some sort of real, possibly violent revolution -- with an unpredictable result (in this I tend to agree with Rall).
As Rall says, our current system is broken -- what ever replaces it will probably not be what any of us expect.
If that's so, bullets might just be more valuable than gold.
3rd Look at Local Housing Markets in March
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Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local
Housing Markets in March
A brief excerpt:
This is the third look at several early...
7 hours ago
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