Economics: Is the only way down?

Like a lot of people, I’ve been thinking a lot about economics lately .Check out this one from the economist. The only way is down

Its really important that our World Leaders keep their wits about them these next 5 years and work out something that is sustainable in terms of Global Economic Models instead of just figuring out how to put the stock market back in Bull mode.Non-Performers!From an article Debt capitalism self-destructs thanks for the Facebook post D. Ray:)”The current talk about the need to curb speculation in the commodities and financial markets to stabilize prices is off target, especially for believers of market capitalism. All market transactions are speculative in nature. Speculation can stabilize prices as well as to destabilize them, but only in the short term. Long-term price levels (inflation or deflation), as Milton Friedman aptly observed, are always monetary phenomena. The current turmoil in the financial system, the subprime mortgage implosion, the credit crisis from the seizure in the asset-backed commercial papers market, the undercapitalization of commercial and investment bank, the rating agency dysfunction, the insolvency of monocline (bond) insurers, the massive financial losses by the GSEs and a host of other financial problems percolating under the media radar, are the outcome, and not the cause, of this market turbulence. (See Perils of the debt-propelled economy, Asia Times Online, September 14, 2002.)”

Flashmob Freeze

Thanks to Ian Smith for bringing my attention back to flashmob like activities. He is the one of the first people to get me interested in complicated computing by imagining the models you could create to analyze fish swarming, or bird flocking. I know, only geeks think that is cool. but it was 1990 and things were different then.

Blood Love

Rock Bottom Riser – By Smog, Bill Callahan

I was listening to this song as I wrote this post, so you should too when you read it.  Bill Callahan aka Smog, if you like it you should buy it.  There is Christ Love. And their is the love of Man, the kind that Gandhi was preaching about. These have their place in the universe, but their is also a place, a very elemental place for Blood Love.So I was thinking about love and family and what is all about. I feel really lucky to have the kind of family I do. The parents that raised me. The talk when I was growing up, especially as a teen, was about how other families worked…and how we’d never be like them. That maybe they seemed kind of Ozzie and Harriet but what we had was better for us. We had real dialouge. The good, the bad, and lots of the ugly kind of dialouge. The thing about is, that we knew you couldn’t change who you were and who your family was. Continue reading “Blood Love”