But the cats needed food and I had to deal with some uncomfortable hydraulic pressure; so here I am.
The weather report says it's 86° outside with a dewpoint of seventy-one, which means it's sticky as can be, and it's not going to get less so anytime soon. Thursday is predicted to have temps in the seventies--and until then it's nineties.
* * *
Houses are worth 33% less than they were four years ago. The house across the street is for sale with an asking price of $340,000--I would wager that they're not going to get anything like that much for it.
My brother--fresh out of his residency and starting his career as a practicing doctor--bought a house for $350,000 (in 1993-ish) which was twice the size of the house across the street. The upper floor alone of this Taj Mahal was bigger than the house he grew up in (the current bunker) and the master suite was as big as my apartment in Cedar Rapids. (By the time they sold it, the house had appreciated to $500,000. I have to wonder what it's worth now.)
In any case, this descent in housing values is bigger than that of the Great Depression...and everything I've been seeing says that we haven't reached the bottom yet.
* * *
We're not in a "double-dip recession", says Vox Day, and he's been saying it all along.
The economy is not growing. It is contracting, and the governments of the world are losing their ability to conceal that fact from their citizens.* * *
The truth is that the economic recovery is not faltering. The truth is that the economic recovery never existed in the first place. There is no double-dip recession, only a single large-scale economic contraction that is already, by some measures, bigger than the Great Depression of the 1930s.
China's divested its holdings of US treasuries. Who the hell bought them? Who had the money to buy them?
* * *
Boortz: "Worst week on Wall Street since 2004."
Also Boortz: "Obama's stimulus was a fraud.
Still more Boortz: Even ABC admits that Obama is bad for business.
It all adds up to the economy is still in the shitter!
* * *
Greece is the prototype for how things will go all over the world when the government can no longer "extend and pretend".
There will be riots and protests. There will be blood on the sidewalks and uncontrollable fires. There will be lynchings and worse.
Of course the people don't understand what the problem is.
"Instead of going after tax cheats, they are raising taxes and cutting working people's pay," said Yannis Mylonakos, 34, who lost his job at an advertising agency and joined Greece's army of unemployed, which has hit 15.9 percent of the workforce.How much money is represented by "tax cheats"? It's for damn sure not much, unless by "tax cheat" you mean "rich person who follows the tax laws to save as much money as he can". By that standard, then, Obama is a "tax cheat".
Tax enforcement is not going to save any government that has overspent itself. That's like a guy who's up to his eyeballs in debt quibbling over his paycheck being docked by a few minutes.
But the people have a vested interest in the uninterrupted flow of "freebies", and react to any reduction or interruption with the petulance of a kid denied the candy he sees at the supermarket. They have to blame someone; so "tax cheats" suddenly become the worst people on the planet.
In a situation like the one Greece is in--and into which all the "first world" nations are heading--the only possible solution is to cut spending and raise taxes. Anything else will lead to disaster; as bad as the economic pains of austerity measures are, the crash following "extend and pretend" is much, much worse.
* * *
Oh, and Ace tells us chronic unemployment is worse than it was in the Great Depression. GO OBAMA!
* * *
"Functional cure for AIDS." I hate to rain on everyone's parade, here, but this is a cure for AIDS the same way a heart transplant is a cure for hypertension.
IF you get leukemia and need a bone marrow transplant, and IF you can find a marrow donor who has the immunity to HIV, and IF he is a type match and is compatible with your own biology--then yeah, you can be cured.
This case pushes back the boundaries of what we know about the disease and how we treat it, yes; but it's not a cure. This is a happy accident at best.
* * *
I'm still totally unmotivated. How sad is that?
I need to get some food and I need a shower; and after my appointment with L. I really need to get some shopping done.
...and all I feel like doing is going back to bed. Am I depressed? I don't even know.
What I do know is that I've got about 45 minutes before my appointment. I'd better get it in gear.