Big Stinky Mess

Recently the talking heads on TV and the man on the street seem to be conveying the idea that the economy is all about the stock market. That, if we can just do something, anything to get the stock market to go UP on a daily basis, then we have ourselves a healthy economy- truly a ridiculous notion.

The bad news is, it's not that easy. The NYSE, NASDAQ, and other trading markets, in and of themselves, are not our "ECONOMY". Rather, they are reactionary indicators of the economic climate. Furthermore, they always lead, which is to say they are short term predictors.

Given that the markets are indicators/predictors, what they are currently telling us is that they believe the good ole USA is BROKE BROKE BROKE! Let's face it, there is a mountain of debt in this country, both public and private, and much of it is unsecured.

So, let's take our medicine this time, as opposed to throwing more unsecured debt at the already unsecured debt. "Taking our medicine" includes letting the automotive industry die, since their products, and the infrastructure we've built around them, are a huge part of our problem.



MMVIII = BAD YEAR