I scratch my head at the numbers that are casually just thrown around in the financial crisis. The numbers are so large they are essentially meaningless. We have reached the point that no-one can risk stopping the game. We have feed the monster so much debt it is now so big we can not anger it by not feeding it.
We basically have an 800ton gorilla that wants its Twinkies. Unfortunately it also thinks we taste like Twinkies. At this point we are at the stage that everyone involved is absolutely screwed. I have yet to see a winner in this whole mess. Who is making money on this? Real Estate? Commodities? Military Industrial Complex? Tech Stocks? I can’t seem to find who is going to make money on this.
In way that may be good since nobody is looking to get paid. Just about everyone seems to be losing. I know the following is tongue in cheek, but perhaps we should just reboot. Just pretend all of this did not happen. A Re-Do like playing football when you were a kid and the ball hit a power-line or tree.
Part of me feels that all the bail-outs are nothing more then rearranging the chairs on the titanic. Or maybe it is just a way for some very rich fat-cats to grab as much money as possible before the ship finally sinks. Some how I feel the promises of the fat-cats of “We need to take the life boats to go find help” is going leave me in the icy waters.
Where is global warming when you need it.