September 05, 2010
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Archived Articles The Economy

blogging about the worlds in which we live

Foreclosure
Foreclosure

People are playing with my life, my life’s work, and my dreams. These same people are playing with yours, too. They don’t care about the immediacy of things in your life; they claim to be concerned over creeping socialism or something. It’s outrageious, and I’m outraged.

“Outrage” is an emotional response triggered by some vile, dusgusting act that creates within an anger so deep and burning that “anger” is not adequately descriptive. Outrage burns hotter and faster than anger; we cannot sustain it of our own accord. Yet, those who committed the original outrageous act may continue to commit acts equally outrageous, triggering within us one after another episode of outrage. I’m pretty certain this is what’s going on within me right now.

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Ecomonic crash
Ecomonic crash

September 15, 2008 was Black Monday. The New York Stock Exchange lost over 500 points that day, or 4.4% of its total value. Four-point-four percent doesn’t read like a lot, does it? Well, it only represents the loss of billions (that’s millions with a capital B) of dollars in value to shareholders. Oh, you may acknowledge that as a “paper” loss, but our currency, friends, is based upon—paper. Paper and the confidence we have in it. It’s not for nothing that business groups and the Federal Reserve conduct polls to measure consumer confidence. Without that confidence, things start spinning downward, faster and faster.

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Economy Archive

  • Outrage
    Foreclosure People are playing with my life, my life’s work, and my dreams. These same people are playing with yours, too. They don’t care about...
    Read More...
  • Black Monday
    Ecomonic crash September 15, 2008 was Black Monday. The New York Stock Exchange lost over 500 points that day, or 4.4% of its total value. Four-point-four...
    Read More...