I’m not even supposed to be here today
Jeez, I have so many things to do that I put off because of the con and yesterday I spend the day dealing with a family emergency, which means I didn’t get anything done (save for some reading).
Today is game day, which is good. I mean, I just stopped having dreams that consisted of me sitting or standing around talking to people. Maybe this’ll ease me back into normalacy, or what passes as it in my life.
I’ve also been distracted by the release of the new Marvel Spiderman cover with Stephen Colbert on it. How cool is that? I’ve been paying attention to how people promote their work, or themselves, and some people just seem to be naturals at it.
On more serious (read, less fun) matters I also was pointed to this report on the U.S economy. We’re constantly bombarded with doom and gloom, the economy is crashing, this is the next Great Depression, stories in every form of media. I’ve seen localized reports saying that our unemployment rate (as in Kentucky’s) is below the national average and that our local housing market never went as high, therefore never fell very far and has actually regained all its losses plus a bit. I know we’re not in any danger, but this report really put it all in perspective. If you’re feeling lost, this might help. But it might also piss you off more as you see the difference between what the media and what the government is saying and what the numbers and reports are saying.
Summed up:
Except that no market is truly illiquid. It just isn’t liquid at the price you want to sell. This summer, Merrill Lynch unloaded a bunch of bad debt at 22 cents on the dollar. There are likely plenty of buyers for the banks’ bad debt, just not at the price the banks would prefer. Enter the government, which clearly intends to purchase MBSes at some premium above the market price. That was the nature of the bailout that failed on Monday.
That just about sums up my opinions on the matter. We aren’t in nearly as much trouble as people are saying, they’re just bitching and over reacting because they aren’t making as much money as they’d like.
And with that I declare no more politics/government posts. Because I’m tired of it.