mm428: Upbeat words from the Fed

July 3, 2008

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MUDGE’s Musings

We begin this Independence Day celebration in the U.S. with a rather gloomy attitude.

We’re still losing good men and women to the misguided and mishandled Iraq and Afghanistan wars. Fuel and food prices seem to be climbing as we watch. Once my monthly bills from ExxonMobil, my gasoline purveyor of choice (the reason why this is so is worthy of a post of its own — soon!) were under $100. Now, maintaining the same or less driving, as I try to mitigate the costs of commuting with more days working from home, I’m relieved if that bill is under $200.

What we hear of the economy (job losses, inflation rate) and its thermometer (the Dow Jones Industrial Average) is disturbing. Aren’t we officially in recession?

Every one of us knows someone, or more than one, job-seeking.

And the news from the world outside our parochial boundaries is not much better. War news from Iraq, Afghanistan and Pakistan remains grim. The president of Zimbabwe, certain that he’d lose in a fair election, murdered thousands of opposition supporters, and sent his opponent fleeing to the Netherlands embassy for shelter. Israel seems to be seriously considering a preemptory attack on Iran’s nuclear bomb facilities. Gazprom, the Russian petroleum/natural gas giant, has its sights set on becoming the largest corporation in the world before long. How can any of that be good by any measure?

Well, a couple of chieftains at the Federal Reserve Bank have decided to show us a glass half full version of the part of the story they influence, the economy. And, it makes for some attention-grabbing reading.

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mm379: Iraq = Lebanon. Finally it makes sense.

May 14, 2008

MUDGE’s Musings

Faithful reader (if s/he indeed is faithful) is probably disgusted with this nanocorner of the ‘Sphere© lately, as we’ve been rehashing good old stuff rather than creating good new stuff here.

As I reflect on my lethargic approach to blogging this past week, my analysis finds that it’s partly due to the demands of the bill paying occupation, and partly my failure to extricate from the zillions of new pages popping up every day in said ‘Sphere a nugget of insight upon which to build.

Didn’t really want to write about the Democrats’ Clinton/Obama soap opera. Although, I commend to your attention Eric Zorn of yr (justifiably) humble svt‘s hometown Chicago Tribune on why Sen. Clinton is the wrong running mate for Obama.

So that left me with — what? Reruns, and this during sweeps month, too! smile_nerd

Tonight though, finally, revelation. Christopher Dickey of Newsweek makes a thought connection regarding the cesspool that is our Iraq adventure that makes such great sense that one is tempted to slap oneself, saying “it’s so obvious — why didn’t I think of that?”

I didn’t. Dickey did. Read and learn.

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