Schmonzi ponzi - WTF!
It's over kids. Katrina put her stamp on the end times. I don't want this to be a political diatribe, but the confidence in our duly elected represntatives has vanished. Everyone now knows that "there but for the grace of God go I". We've "screwed the pooch". Lack of empathy, added to hubris, multiplied by incompentence has left us little to count on.
Those of you who have rented and maintained a cash position will have the last laugh. Well, maybe not a laugh, but at least a sigh of relief.
Some economists say we'll have hyper-inflation, followed by deflation, for others it's the converse - don't matter.
Look, I'm an old man - a War Baby - before you hyper ventilating Gen X's, Gen Y's, or Z'ers start frothing at the mouth about Baby Boomers stealing your posterity - I've seen Harry Truman resolve to liberate Quemoy and Matsu, JFK embarrassed by the Bay of Pigs, LBJ seeing all those "lights at the end of the tunnel" in Viet Nam - Hell, I was there, and I was just hope'in the lights weren't go'in out on me - Richard Nixon proclaiming he's "not a crook", Jerry Ford sporting a "WIN" button (Whip Inflation Now). Jimmy Carter wearing his sweater on TV, asking us to please turn down the thermostat, Ronnie proclaiming that the liberation of Granada is bigger than D-Day. Saw Bush 41 and the rest of the world go into the desert and do a really decent job of it. Saw Clinton weather a political storm and give us peace and prosperity. Seen it, done it, lived it - but until this turd landed in the White House, I've not seen anything like this.
So, don't despair if your priced out of a house right now - save the cash, love your family, and by all means make plans to not become someone in front of the NOLA Conventon Center.
I want the best for my country and its citizens, but prepare for some really tough times - I tell my friends and family that "once around the block is enough". You young people are going to have it really hard - please take care of one another, and remember that look'in after the "commonweal" is what will get you through. And that ain't communism - that's just common sense.
Monday, September 05, 2005
Save Your Cash, Love Your Family, Take Care of One Another
I took interest in this comment (11:12 PM) left at The Housing Bubble 2 blog (a fine blog, by the way, for keeping up with the latest news on the real estate bubble). (I hope I am not violating some unstated blogger etiquette by cross-publishing this comment; and if I am, well, deal with it.) I too am an old fart who has been around the block once or twice but hasn't seen anything until "this turd [Bush] landed in the White House". It's too bad youth cannot see from the perspective of someone who has lived for more than just a handful of decades; Shaw was right.