Uncertainity

I, like everyone else, have wasted vast amounts of time over the last few days reading articles on the finical crisis. Why did it happen? What can be done to correct it? Should we correct it? When will we get our chance to make a run on the bank? All these questions and no clear answers.

My feeling on the crisis is that we will only know the right thing to do in about a decade or two. The economy is wicked complicated, filled with equal parts bullcrap and gold. The market's well being is based on the faith a large collective of people. Is the market bullish? Well all these people feel like it is, so it must be. The more collective good faith the market has, the better it is. Fuel and commodity prices are based on perceived future value. Companies that post record profits take a hit on their stock because they didn't excel expectations. Anyone who says they have it figured out is either Warren Buffet or they are lying.

Economists still haven't agreed on what was the exact cause of the Great Depression, even after fifty years of analysis. I have yet to see a theoretical set of steps that would have prevented the depression once it began. My feeling is that even with the benefit of hindsight the perfect solution will not be evident. There is the possibility that a bailout will instill confidence and the economy will rebound. There is also the possibility that a bailout will create massive inflation, causing even greater problems.

It could be that the problems are bigger than the will to solve it.

My favorite quote was from Warren Buffet. He had made comments a while back saying that you can't see who's swimming naked till the tide goes out. His comment today - "Wall Street looks like a nude beach.."

SpaceBookSter

I caved, yes its true I created a Facebook account. Yes, I know, its completely lame. So there are several things about this that annoy me, I know your dying to hear them.

First this is third profile I've had to setup on a social - networking site. I am a survivor of Friendster, and MySpace. This is the third time I've had to come up with something witty to say and pick out which which colors to paste all over the site. There is only so much of working with colors I can take, I am not color blind but I am color I-could-give-a-crap.

Second is the sense of exposure. I feel naked posting anything on Facebook, and not in the kinky way, its closer to the experience you get while wearing one of those hospital gowns. I feel like every picture, every post is analyzed thoroughly by everyone. I feel that way because that's what I do to other peoples profiles.

Third I am neither that into being social or into networking. If I don't know you, or haven't kept up with you there is probably a reason.

Why a Facebook profile? My Mom got one. When my Mom, Sister, Cousin, Wife all beat me to the punch technologically there is a problem, the strain on reality is to great.

I have an idea, I'm going to create the worlds first anti-social networking site - SpaceBookSter. Its just gonna be one page with a big sign....

GO AWAY!!!