Wednesday, February 11, 2009

Falling Down

Howl at the wind rushing past my lonely head
Caught inside its own motion
How I wish it was somebody else instead
--Duran Duran

As usual, Mr P skillfully captures the chronology that lead to our current situation. Government can't be the solution; they are the enabler of the problem.

To me, much of the argument and action structured to oppose market forces are akin to fighting the law of gravity. You may be able to oppose it for a while but gravity ultimately wins.

Mr P draws a similar analogy, noting: "There's too much debt, and creating more debt is no longer an option. This is sad, but economics is like physics: You can't expect to jump out of a window and go up."

Risk, as Mr P notes, is high.

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