Funny thing ( one that bothers me actually ) about blogs is that the latest is always at top of page, so I scroll to bottom and start reading up. It gives my mouse wheel more of a workout.
I respect you too, and we don't get combative, not that I recall.
I see more and more of economic problems all the time. My wife has started back to driving for the meals on wheels here which is done as a church outreach and ministry. She learned that they are starting a local food bank too, because even here in a prosperous place,there are people starting to hurt.
One lighter definition of conditions is that we are having a recession if my neighbor is out of work. It is a depression if I am out of a job.
Given that, I have never lived through a depression, but I can see the possibility coming near.
I was talking to the caretaker/property manager yesterday for a place I've been doing a lot of work on. Owner is a broker and money management advisor going way back. This caretaker told me, the owner can *afford* to do any thing he wants to, but will only do what is necesssary right now. For instance he will spend on me to keep rot from getting worse on the houses, but will not spend 80K to upgrade the brightwork in his yacht, or 30K to smooth the belly of his racing sailboat to make it faster. It is all about that he can't stand to be spending too much when he sees that some of his clients have lost a lot of money.
So there is all the way to the top echelon of money people an attitude of "Let's go slow and be carefull here" that has taken over from the freewheeling days not long ago. even if the productive side of the economy stays stable, it will take time for attitudes to turn.
Also, with Obama's election, billions of dollars are leaving the country between election day and Jan first. One couple I know who has already moved millions out are big DEM supporters who donated to Obama, yet they fear for their money in his administration...don't that beat all?
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Excellence is its own reward!
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