<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > welcome to Kondratieff winter

welcome to Kondratieff winter

September 30th, 2008 at 01:58 am

Saving log - $0 tip box
Spending log - $25 lunch (chipped in for a birthday lunch)

I don't know Julie Tuesday, but she was quite the philosopher today.


I was in a training session, so I didn't see the 778 pt stock market drop until I clicked into the news this afternoon.

That the bailout failed really didn't surprise me - the extreme left and the extreme right didn't like it, the partisanship on both sides is (and was) so poisonous that no one voting for it would get any cover. A Rep voting for it would be accused of raising taxes like a Dem, a Dem voting for it would be accused of caving in to Reps and everyone voting for it would be accused of believing a lie. Its what GWBush over-estimating the case of getting into war w/ Iraq did. If you lie once, you could lie again. Everything is now a possible over-estimate ... are we now into an economic apocalyse - or not?

I do think we are now in a first phase of very steep patch of

Text is deflation and Link is http://en.wikipedia.org/wiki/Kondratiev_wave
deflation - money is disappearing, stocks are dropping, assets are consolidated, the credit bubble is popping, margin and debt is left to default, consumption contracts. This unwinding is a process with more pain to come - even during the
Text is GD and Link is http://en.wikipedia.org/wiki/Great_Depression
GD, its not as if stockbrokers jumped on Oct 30.

Fear is rampant. Still, when one of the IT guys is telling me its time to buy ... its not time to buy anything yet. Smile But it is time to window shop. And wait.

Posted in Philosophy, Images, Recession | 6 Comments »

6 Responses to “welcome to Kondratieff winter”

  1. paulettegoddard Says:
    September 30th, 2008 at 03:20 am 1222744833
    1222744833

    I had a different take about the bailout vote going the way it did: I was disappointed that my Congresscritter voted for it despite a floor speech saying it sucked because it didn't help out the middle class, and he's supposedly "extreme left" if you believe any Republican. I know a Republican in a tight race who voted against the bailout. I guess if you're a President it does no good to cry "Wolf!" before a bill you think is "dead urgent" needs to be passed.

    I am hopeful something will pass that will be more of the liking to us li'l guttersnipe turds, you know, the middle-class.

  2. baselle Says:
    September 30th, 2008 at 06:02 am 1222754574
    1222754574

    Its funny - the bailout failed in two different ways in the past 6 days. And yet no total apocalypse. Fiscal shoes dropping all over the place, sure. Each buyout failure without actual blood in the streets is going to make the next vote harder.

    I'm trying to figure out what I'd like in a buy-in/ bailout program...I'm drawing a blank.

    There is one silver lining: I've noticed how much Jon Stewart is morphing into Will Rogers.

  3. PauletteGoddard Says:
    September 30th, 2008 at 05:20 pm 1222795250
    1222795250

  4. baselle Says:
    September 30th, 2008 at 05:32 pm 1222795942
    1222795942

    Bank robbery eh? We were first told it was a hostage situation at the Money Tree, and now we're told its a bomb threat either at the Money Tree or the Chicago Title offices on Columbia.

    We aren't quite under lock down yet. But in another hour, who knows?

  5. Petunia Says:
    September 30th, 2008 at 06:41 pm 1222800069
    1222800069

    I think I'll stay away from downtown.

  6. Broken Arrow Says:
    October 1st, 2008 at 03:21 am 1222831318
    1222831318

    Thanks Baselle, for sharing your insight!

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]