Tuesday, October 20, 2009

After the Gold Rush: Notes on a Post-Bubble America

Setting the mood: As a hedge against the not-so-groovy news, you may want to open this in the background as you peruse the Daily Economic Blooze: Jerry Garcia, "Mission in the Rain" (11/11/93, Albany) Link here

Real unemployment rate actually nearing 20%? See Salon here.

Time to Extend Unemployment Benefits? Link here.

The challenge of job creation: What the Administration could/should be doing. Tax credits? Work programs? "Patience" may not be enough, is it time to Try Something? Link here.

Europe 'worried about weak dollar'? Link here

Canadian dollar climbs, appraoching parity with US Dollar. Link.

Thinking "Right" ?: There's Gold in them Thar Portfolios. Link

"Mission in the Rain" by Robert Hunter - Jerry Garcia
I turn and walk away then I come 'round again
It looks as though tomorrow I'll do pretty much the same.
I must turn down your offer but I'd like to ask a break
You know I'm ready to give everything for anything I take.
Someone called my name you know I turned around to see
It was midnight in the Mission and the bells were not for me.
Come again, walking along in the Mission in the rain,
Come again, walking along in the Mission in the rain,
Ten years ago, I walked this street my dreams were riding tall
Tonight I would be thankful Lord, for any dream at all.
Some folks would be happy just to have one dream come true
But everything you gather is just more that you can lose.
Come again, walking along in the Mission in the rain,
Come again, walking along in the Mission in the rain,
All the things I planned to do I only did half way
Tomorrow will be Sunday born of rainy Saturday.
There's some satisfaction in the San Francisco rain
No matter what comes down the Mission always looks the same.
Come again, walking along in the Mission in the rain

2 comments:

  1. Hello. The fact is that the worse of the financial crisis is not behind us as some people think or believe. The unemployment rate is going up, the government is spending large amounts of money on reforms which don't seem to be very helpful, on contrary, they will probably lead the country to even bigger debt and people don't have enough money to pay the loans they have. I'd love to be more optimistic, but unfortunately the facts are too alarming.
    All the best,
    Jay

    ReplyDelete
  2. Thank. you for your comment..sadly I certainly don't believe the worst is over.. whether tax cuts or ordebt growing stimulus are the answer there is little room for optimism -we are in dark times and uncertain waters . Unreal and surreal estate

    ReplyDelete

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